Quote post: @StockMKTNewz on Amazon's Anthropic stake at the IPO range
Anthropic set its IPO range at $70 to $78 today. Amazon's 2023 notes convert at $2.09 a share, so at the top of the range that paper is up about 37x. I think Amazon got paid twice here, once on the cloud bill and once on the stock. Not financial advice
https://x.com/StockMKTNewz/status/2120187361711780238
Sources: CNBC: Anthropic sets price range of $70 to $78 in upcoming IPO · TechCrunch: Anthropic sets IPO price range of $70 to $78 per share · Finrep: 2023 Amazon notes convert at $2.0928 per share, 2024 notes at $5.0478, or the IPO price if lower · Reuters factbox: Amazon stake worth $271.8B at $78 a share
Not financial advice. For informational and educational purposes only.