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GameStop has completed the share offering it launched a week ago in the wake of a stock rally, saying it sold the maximum number of shares it had registered for $933.4 million in proceeds.
Shares in GameStop (GME) climbed in early trading after the videogame-store chain said it had cashed in on the recent surge in its shares to raise hundreds of millions of dollars in fresh funding ...
GameStop sold the shares at an average price of $28.50 each, according to Wedbush Securities. The stock sale comes three weeks after the company sold an additional 45 million shares, raising $933 ...
Texas-based GameStop's planned sale of 75 million shares of common stock raised more than $2 billion in gross proceeds, the video game retailer said on Tuesday.
The drop was the result of dilution caused by GameStop selling shares, rather than Cohen divesting. In May, the company had raised $933.4 million by selling 45 million shares.
GameStop received a $2.1 billion infusion of cash this week after selling 75 million new shares to eager investors.
GameStop sold about 45 million shares in mid-May at around $21 each to raise $933 million. The company then sold 75 million shares at a price of about $28.50, according to analyst estimates.
GameStop on Friday said it had raised $933.4 million from a stock sale. The video game retailer said earlier this month it intended to sell up to 45 million shares of its common stock through an ...
The company took advantage of mid-May's unexpected meme rally, selling 45 million shares to bring in about $933 million, according to a Friday statement.
GameStop releases Q1 2024 results early, falls short of estimates ahead of Roaring Kitty's Friday livestream.
Videogame retailer GameStop said on Tuesday it had completed an "at-the-market" equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer ...
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