Anthropic IPO math: same $1M grant worth $78M for 2023 hires, $1.5M for mid-2026

FinanceYF5 · x · 2026-11-10

Citing Levels.fyi's zuhayeer: Anthropic is planning to move ahead with its IPO next week, and assuming a $1.5T valuation, the value of an identical $1M stock grant depends heavily on joining year — 2023 hires would hold $78M (78x), 2024 $29M, early 2025 $16M, late 2025 $6.2M, early 2026 $3.4M, and mid-2026 only $1.5M (1.5x). Pre-tax estimates.

Related event: Anthropic targets Nov 19 Nasdaq IPO amid valuation haggling(3 posts)→

Original post →

More from Venture

Venture channel →