Google makes biggest-ever equity capital markets transaction of all time, company can now sell stock without …
Google is planning to sell $80 billion to fund spending on artificial intelligence (AI) infrastructure. With this sale, the Alphabet-owned tech giant could execute the largest equity capital markets transaction in history. According to data compiled by Bloomberg, Google’s combined offering would top Brazilian oil producer Petroleo Brasileiro SA’s roughly $70 billion sale of common and preferred stock in 2010.
The deal also includes a $40 billion at-the-market (ATM) offering, expected to commence in the third quarter.
