Intel raises $20 billion in equity offering as shares surge

NVDA -0.29% GME +0.11% AMC +3.36%

1. 1Intel (INTC) has raised $20 billion through an expanded stock sale.
2. 2It sold 210.5 million new shares at $95 each, with the total reaching roughly $23 billion if banks exercise their option to purchase additional shares.
3. 3Thanks to a roughly 165% surge this year, the company was able to raise the same amount of capital with nearly 80% fewer shares.

Source Yahoo Finance +1 · View original ↗

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