GameStop raises over $2bn after Roaring Kitty rally

GameStop raised more than $2bn (£1.57bn) in its second share sale in a month. The company sold all 75 million shares it had offered to investors, raising a total of $2.137bn. This comes after a rally led by investment influencer Keith Gill, also known as Roaring Kitty, and the company's popularity among retail investors during the pandemic.

Keith Gill, also known as "Roaring Kitty," played a significant role in the recent GameStop share rally. His social media posts and memes sparked interest in GameStop's stock, leading to a surge in its price. Gill's actions led many retail investors to follow his investments, causing a significant impact on the stock market. His influence was so great that regulators are looking into his actions to determine if he acted improperly or manipulated the market.