Anthropic's tender offer falls short as employees hold shares

Anthropic, the artificial intelligence (AI) company behind Claude, has completed a secondary share sale that began earlier this year. The tender offer was at the same valuation as the company's last fundraising round in February, which pegged its worth at $350 billion. However, some investors were unable to acquire as many shares as they had hoped due to limited availability from employees.

The total value of the share sale, which concluded last week, remains unknown. However, it was less than what investors had anticipated, which was up to $6 billion. Both current and former employees were reluctant to part with their shares ahead of Anthropic's initial public offering (IPO), which is expected later this year. Some investors were able to secure their full allocation in the deal, while others could only deploy a portion of their capital earmarked for the tender offer.