GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy

Merchandise lines the shelves of a GameStop store on May 28, 2024 in Miami, Florida.GameStop raised more than $2 billion in a recent stock sale as the video game company took advantage of a revived meme rally sparked by the return of trader Roaring Kitty.The retailer announced Tuesday evening that it completed an at-the-market equity offering, selling the maximum number of 75 million shares to raise proceeds of $2.14 billion. GameStop said it intends to use the money for general corporate purposes, which ma ...