Reported 7 months ago
GameStop Corp. raised $2.14 billion through a share sale program, benefiting from a stock rally driven by Keith Gill's return to YouTube. The video-game retailer has secured over $3 billion in a month through share sales, with the latest sale involving 75 million shares at an average price of around $28.49 each. GameStop's stock climbed over 5% to $32.27 in post-market trading following the sale. The company disclosed plans to use the funds for general purposes, including acquisitions and investments.
Source: YAHOO