Oracle Corp. raised $9.9 billion from a share sale priced at an 11% discount after the company's stock price was dinged in a choppy session to start the week.
The company sold 86.2 million shares at $116 per each, according to a statement late Monday. That compares with Friday's close of $130.67 before the deal was unveiled.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The company said also sold $10 billion of bonds on Monday in five tranches, with maturities ranging from three to 20 years, confirming an earlier Bloomberg News report. Bank of America Corp. led both the stock and bond transactions, according to the filings.
ALSO READ | Big Tech Bounces, But AI Infrastructure Stocks Keep Sinking; Oracle Down 5%
Oracle raised billions of dollars this year by selling shares in an effort to diversify the pools of capital it tapped to fund massive artificial-intelligence related spending. The race for cash is happening as Anthropic PBC is prepares a potentially record-setting initial public offering and in the wake of blockbuster share sales from the likes of Intel Corp., Alphabet Inc. and Meta Platforms Inc.
The latest offering attracted demand for well above the amount sought ahead of pricing, after being confidentially marketed to selected existing investors, sovereign wealth funds and long-only investors, Bloomberg reported.
ALSO READ | Oracle Adds OpenAI's ChatGPT, Codex To Business Apps; Expands Cloud Infra Chip Roster
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.