The SEC
Every Sainteur story on the SEC, newest first.
Nvidia agreed to buy about $10 billion of Anthropic stock in a placement tied to the IPO
The private placement is contingent on the offering; the IPO is not contingent on the placement. Quartz reported that an Anthropic spokesperson declined to comment and Nvidia did not immediately respond to a request for comment.
Anthropic's IPO has reportedly drawn orders for multiple times the shares available
Anthropic's IPO has drawn orders for multiple times the shares available, Bloomberg reported, citing people familiar with the matter. The offering is 825,000,000 Class A shares at an estimated $70.00 to $78.00. An Anthropic representative did not respond to a request for comment.
Anthropic reportedly retracted IPO terms it sent banks, then filed a $70-to-$78 range
Anthropic sent banks IPO terms for a total offering of up to $69.3 billion at $70 to $80 a share, then retracted them, saying the pricing was inaccurate, Reuters reported. Anthropic declined to comment. Tuesday's filing lists 825,000,000 shares at $70 to $78.
Anthropic's IPO roadshow can start as early as Tuesday, while buyers push on price
Reuters reported last week that some potential investors doubted the schedule, with some seeing $1.5 trillion as the high end of expectations. The amended filing still leaves the price range blank.
DTCC's tokenization service goes live with JPMorgan, Citi and Morgan Stanley signed up
The Depository Trust Company launched a service that creates tokens representing securities it holds on the Canton Network and its private Besu chain, with 20 firms signed up and 34 securities eligible at launch.
Trusts tied to GoPro's founder lent it $20 million in July. Its sale would repay them and cash out their warrants
GoPro's merger proxy says the $1.14-a-share deal repays notes held by trusts tied to CEO Nicholas Woodman and cashes out their warrants, estimated at $21.9 million. His votes alone can approve it.
Trade Desk's CEO shouldn't get to vote himself a cheaper strike price
Resetting underwater options for 2,300 employees after layoffs has a real case. Letting Jeff Green's 50.2% of the vote decide a repricing that also covers his own options doesn't.
Trade Desk repriced employee and executive stock options to $12.26 over outside investors' opposition, the WSJ reports
Green holds 50.2% of the voting power. His shares were about 98% of the yes votes, and about 95% of other holders' votes were no, per VerityData figures reported by the WSJ.
Tokenized stock trading topped $37 billion last quarter, and one token did much of the work
Dune says onchain trading of tokenized stocks and ETFs grew almost 18x since January. Its own dashboard shows a single BNB Chain token in about half the recent volume, in trades Dune says look programmatic or incentive-driven.
Goldman, Microsoft and Alphabet object to OKX-ICE trading tokens of their shares
Seven more companies, including Microsoft, Alphabet and Goldman Sachs, have objected to tokenized versions of their shares on OKXICE, the planned 24/7 venue from OKX and NYSE parent ICE.
Anthropic lost over $80 billion in six months, mostly on paper, per the WSJ
Most of the loss is accounting charges, the Journal reported. The bigger story is a compute bill that could reach $750 billion, much of it in contracts with cloud giants that are also rivals.