Pins matching tag:"Stock Sale"

Oracle said it would raise $45 billion to $50 billion in 2026, half from a single bond sale and half from mandatory convertible preferred stock and a $20 billion at-the-market share programme, to build capacity for its AI customers.

The day after its funding plan, Oracle sold $25 billion of notes in eight tranches and $5 billion of 6.50% mandatory convertible preferred stock, drawing what it called a record, substantially oversubscribed order book.