Financial Times reports New York investment firm XN, founded by Gaurav Kapadia, has built a roughly $5.3 billion stake in Anthropic across three private funding rounds and told investors it plans to be a large participant in the AI lab's IPO despite Thursday's tech selloff.
Source: Financial Times
ANTHROPIC INVESTOR XN PLANS TO BUY MORE IN THE IPO • The firm told investors in a letter sent after Thursday's rout that it plans to be a "large participant" in the listing • XN's stake was worth about $5.3B at Anthropic's $965B valuation in May • Large investors can sell 8%
— IPO Newsroom (@IPONewsroom_) Nov 6, 2026
Low-profile Wall Street firm to double down on Anthropic despite tech rout
— FT Technology News (@fttechnews) Nov 6, 2026
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