Alameda's $500M Anthropic bet would be worth $37B at IPO
TL;DR
- Alameda Research Ventures put $500 million into Anthropic in 2021 for nearly 14% when the lab was valued at about $4 billion.
- At next week's expected IPO price, that stake would be worth about $37 billion, according to the Financial Times.
- FTX's bankruptcy estate sold the holding in 2024 for about $1.3 billion after Bankman-Fried's fraud conviction.
The $500 million Sam Bankman-Fried's trading firm put into Anthropic in 2021 would be worth about $37 billion at next week's expected IPO price, according to the Financial Times.
Alameda Research Ventures, the venture arm of his trading firm, "bought nearly 14% in 2021, when the lab was worth about $4B," the FT reports. The cash helped Anthropic hire researchers and train its first models.
The payday is not coming. After FTX collapsed and Bankman-Fried was convicted of fraud, the bankruptcy estate sold the stake in 2024 for about $1.3 billion. Anthropic is now on track to list at a valuation of $1.5 trillion or more, with bankers weighing a price above the filed $70 to $78 share range.
Our tracker has logged 383 Anthropic stories in the last 90 days, including this week's news that banks shut China and Hong Kong investors out of the IPO book. The Alameda line will be a footnote on the prospectus, and one of the largest payouts from a single venture investment that no one actually collected.
Originally reported by ft.com
Read the original article →Original headline: FT: Bankman-Fried's 2021 $500M Anthropic bet would be worth about $37B at this week's IPO price