Alphabet Plans $80 Billion Equity Raise for Capital Spending
The company will issue up to $40 billion through an at-the-market program and $10 billion in a discounted private placement. Proceeds will support capital expenditures.
smallbiztrends.comAlphabet announced plans to raise as much as $80 billion in new equity to finance capital expenditures. The offering includes a $40 billion at-the-market equity program and a $10 billion private placement sold at a discount.
The at-the-market program allows the company to sell shares gradually into the open market. The discounted placement was arranged with a single institutional investor.
Funds will be directed toward capital projects already under way.
No timetable was provided for completing the sales.
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