Alphabet (GOOGL) Prices the Largest Equity Capital Raise in US Corporate History at $84.75 Billion
Key takeaways
- Alphabet (GOOGL) Prices the Largest Equity Capital Raise in US Corporate History at $84.75 Billion Abdul Rahman Mon, June 29, 2026 at 6:57 PM GMT+7 2 min read GOOGL BRK-B GOOG Alphabet Inc.
- Alphabet detailed in a statement that it has structured the raise in three parts.
- On the public offering side, Alphabet priced 25.5 million Class A shares at $355.20 each and 25.5 million Class C shares at $351.80 each.
Alphabet (GOOGL) Prices the Largest Equity Capital Raise in US Corporate History at $84.75 Billion Abdul Rahman Mon, June 29, 2026 at 6:57 PM GMT+7 2 min read GOOGL BRK-B GOOG Alphabet Inc. (NASDAQ:GOOGL) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 2, Alphabet Inc. (NASDAQ:GOOGL) priced and upsized its equity capital raise to $84.75 billion from $80 billion. The raise is now the largest in US corporate history, and Alphabet intends to use the proceedings to fund the buildout of AI infrastructure and global compute capacity.
Alphabet detailed in a statement that it has structured the raise in three parts. The first is a $30 billion underwritten public offering split between common stock and mandatory convertible preferred shares, and the second is a $10 billion private placement anchored by Warren Buffett's Berkshire Hathaway. The last part is a $40 billion at-the-market (ATM) program set to begin in Q3 2026.
On the public offering side, Alphabet priced 25.5 million Class A shares at $355.20 each and 25.5 million Class C shares at $351.80 each. It again priced 167.5 million Series A and Series B depositary shares at $50 each. The company upsized the Class A/C stock portion to $18 billion from $15 billion. It also increased the depositary share portion to $16.75 billion from $15 billion. Alphabet expects net proceeds from these two buckets to be approximately $17.8 billion and $16.6 billion, respectively.