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Fortune

Business

Nick Lichtenberg

Anthropic’s dual-class share structure borrows ideas from Mark Zuckerberg, Elon Musk — and the New York Times

Mark Zuckerberg Elon Musk Anthropic LLC IPO Facebook Meta SpaceX Jay Ritter Artificial Intelligence

da (Credit: Kevin Dietsch/Getty Images)

Anthropic’s S-1 IPO filing is officially out, and aside from warnings about “catastrophic or existential risks to humanity,” it includes an alphabet soup of varying classes of stock.

Anthropic’s stock will come in five letters: A, E, F, N and T, two of which consist of a single share each and three carrying no economic rights. The public gets to buy one: Class A shares.

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