Anthropic S‑1 shows Amazon could reap biggest IPO gains via $6.2B notes and $10B preferred stock
Anthropic’s S‑1 discloses that Amazon holds $6.2 billion in convertible notes (which Amazon’s filings value at $97.9 billion as of June 30) and purchased $10 billion of nonvoting preferred stock, bringing its disclosed investment to about $18 billion; the notes can convert into up to 12% of Anthropic’s partially diluted shares. The filing also shows traditional VCs own relatively small percentage stakes given Anthropic’s large private valuation, and Anthropic has committed to at least $110 billion in AWS spending over the next decade; Google also holds a sizable position and cloud commitments.