Anthropic closes tender offer below its $6B target as employees hold shares ahead of an anticipated IPO this year

Anthropic completed a secondary share sale at the same $350B valuation as its February fundraising round, but the transaction fell short of the $6B investors had lined up because employees chose to sell fewer shares than expected. Some investors received their full allocation while others could only deploy a portion of the capital they had set aside, with the shortfall attributed to employee optimism about the company's prospects ahead of an anticipated IPO as soon as this year. Anthropic's annualized revenue run rate has climbed from $19B last month to more than $30B as of April.