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Apr 25, 04:18 PM
Alphabet Files Mixed Shelf Offering Prospectus Amid $70 Billion Buyback, $2 Trillion Market Cap
Stocks
Business

Alphabet Files Mixed Shelf Offering Prospectus Amid $70 Billion Buyback, $2 Trillion Market Cap

Authors
  • Evan
  • Ripster
  • LiveSquawk
5

Alphabet Inc., the parent company of Google, has filed a mixed shelf offering prospectus with the U.S. Securities and Exchange Commission. The filing does not disclose the size of the offering. This move comes amid Alphabet's ongoing $70 billion stock buyback program. The mixed shelf offering allows Alphabet to raise capital by issuing various types of securities over time, providing financial flexibility. Alphabet's market capitalization is approximately $2 trillion.

Written with ChatGPT (GPT-4).

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