The stock trading app company also accessed $500 million through existing credit lines.
“There’s definitely some excessiveness out there right now, which has some professionals scratching their heads.”
The video game retailer reported no major news on Wednesday, suggesting the massive rally in the stock was simply a short squeeze.
The previously forfeited stock options were exercised by the former executives in July when the company’s stock jumped.
Users of the popular free stock-trading app were cut out of Monday’s market rally.
The tax would generate up to $2.4 trillion in over 10 years.
Eight offerings are coming up and are expected to raise $2.5 billion in proceeds.
Investor relations professionals should prepare for what's eventually inevitable: a reversion to the mean for stock prices.
"While the SEC's tick-size pilot was launched with the intent of helping investors and issuers, the outcome has been very different."
The unexpected increase suggests "plenty of inventory pain remains in the pipeline," with inventory growth continuing to outstrip sales growth.
