GameStop 2025: Raised $2.14 Billion by Selling 75 Million Shares in a Fast-Paced Stock Offering
Discover how GameStop successfully raised $2.14 billion through a rapid stock sale of 75 million shares in 2025, with support from social media influencer 'Roaring Kitty'.
Bill McColl brings over 25 years of expertise as a senior producer and writer in TV, radio, and digital media, leading teams through coverage of major news events.
Highlights
- GameStop completed a swift stock sale initiated last Friday.
- The company sold the full 75 million shares offered, raising roughly $2.14 billion.
- Influence from social media figure 'Roaring Kitty' likely accelerated investor interest and stock sale speed.
GameStop (GME), a prominent name in the meme stock movement, finalized its stock offering, coinciding with its unexpected release of first-quarter earnings.
GameStop’s $2.14 Billion Capital Raise Through 75 Million Shares Sold
The gaming retailer announced it sold the maximum shares allowed in the offering, raising approximately $2.14 billion to support general corporate initiatives, including potential acquisitions and investments.
The rapid completion of this stock sale was possibly influenced by Keith Gill, known as 'Roaring Kitty,' who publicly disclosed a significant GameStop stake via Reddit and followed with an extensive YouTube livestream discussing the investment.
Following the announcement, GameStop’s shares experienced a slight increase, climbing 0.5% to $30.65 amid volatile trading conditions as of mid-morning on Wednesday.
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