Anthropic is preparing for its IPO with a governance proposal that would keep its seven co-founders in control. According to The Information, the company is asking shareholders to approve a structure “in the coming days” that grants CEO Dario Amodei and his six co-founders special shares carrying a combined 50.1% of the vote on most corporate matters, as long as at least three of them maintain a minimum stake. The shares add no economic value; their purpose is to preserve the founders’ voting power once Anthropic trades publicly.

Super-voting shares are a familiar Silicon Valley mechanism, but Anthropic’s version is unusual because it is a group arrangement rather than a single founder’s control. The seven co-founders reportedly each own about 2% of the company, Amodei included, and have pledged to give away 80% of their wealth, a commitment the CEO announced in January while warning that AI-driven wealth concentration could destabilize society.

Other details complicate the picture: the Long-Term Benefit Trust would still select most of the board, the founders’ board seats would increase from two to three, and employees would receive their own stock to break ties on some issues. Anthropic was valued at $965 billion in May and recently at $1.5 trillion on the secondary market; its upcoming IPO is expected to reflect that valuation.