source avatarℙ𝕙𝕚 ℂ𝕒𝕡𝕚𝕥𝕒𝕝 𝕀𝕟𝕧𝕖𝕤𝕥𝕞𝕖𝕟𝕥𝕤

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$26.0B of Anthropic's IPO is sold to its chip and cloud suppliers: Google, NVIDIA, AMD, Broadcom, Micron, Microsoft and TSMC buy non-voting stock at the IPO price, right after the 825M-share offering at $70-$78. At $74 that is ~$968B on 13.09B shares. Suppliers become owners.

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