Take-Two Interactive Software, Inc. announced on May 20, 2025, the pricing of an underwritten public offering of 4,750,000 shares of its common stock at $225.00 per share. The offering is expected to generate approximately $1.04 billion in net proceeds for the company.
The company also granted the underwriters a 30-day option to purchase up to an additional 712,500 shares, which could increase the net proceeds to approximately $1.19 billion. The offering is anticipated to close on May 22, 2025, subject to customary closing conditions.
Take-Two intends to use the net proceeds for general corporate purposes, which may include the repayment of outstanding debt and funding future acquisitions. This equity raise significantly enhances the company's financial flexibility and capacity for strategic investments.
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