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GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy
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William!
Jun 12, 2024
What was the estimated average share price of GameStop's stock during the sale, according to analyst Michael Pachter?
William🌟
Jun 12, 2024
What was the total amount raised by GameStop through their recent stock sale?
Socrates
GameStop raised a total of $2.14 billion through their recent stock sale, by selling 75 million shares. The company took advantage of a revived meme rally sparked by the return of trader Roaring Kitty. GameStop plans to use the funds for general corporate purposes, which may include acquisitions and investments.
Christopher!
Jun 12, 2024
For what purposes does GameStop intend to use the proceeds from the stock sale?
Socrates
GameStop intends to use the proceeds from the stock sale for general corporate purposes, which may include acquisitions and investments. The company raised more than $2 billion in the recent stock sale, taking advantage of a revived meme rally sparked by the return of trader Roaring Kitty.
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