INTEL: FTX sold Anthropic stake for $1.34B in 2024 and at IPO price it would top $30B
The FTX bankruptcy estate sold its Anthropic shares in 2024 for $1.34 billion. At the price proposed for Anthropic’s initial public offering, that stake would now be worth more than $30 billion, over 22 times the sale price, according to the latest estimates circulating ahead of the listing. The $30 billion figure is a hypothetical mark-to-IPO calculation, not money the estate received.
The estate no longer holds the position, so it does not benefit from any rise in value after the sale. The $1.34 billion is the amount the bankrupt exchange’s estate actually realized.
What the Anthropic prospectus shows
Anthropic’s prospectus gives context on the offering itself. The public offering covers 825 million shares. Up to 316 million shares, about 38% of that offering, could be sold on the first day of trading. About 3.6 billion shares in total could be released early during the 180-day lockup period.
At a midpoint price of $74 per share, new IPO buyers would face immediate dilution of $65.79 per share. Shares sold in private placements to seven companies, including Google, Nvidia and TSMC, are not covered by the lockup agreements.
The prospectus figures describe how the offering is structured. They do not state what valuation was used for the FTX comparison, and the reports do not break down the share count of the former FTX stake.
