Oracle launches $10 billion common stock offering
Oracle launched a $10.00 billion common stock offering, according to an SEC filing.
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01:21:09 PM UTC
SquawkNews
ORACLE SHARES DOWN 3.1% PREMARKET AFTER CO LAUNCHES $10 BLN BOND AND $10 BLN STOCK OFFERING
01:31:43 PM UTC
SquawkNews
Oracle NYSE:ORCL plans to raise $20 billion through the sale of bonds and new shares, two US regulatory filings showed on Monday, in a move that adds to its fundraising for expensive AI and cloud infrastructure.Shares of the company slipped 3.5% in premarket trading.Oracle said it will use the mone…