• GameStop Rises After $1 Billion USD Stock Sale

    1 month ago - By Hypebeast

    In a new SEC filing, GameStop announced that the company has sold 5,000,000 shares of its common stock and made approximately $1,126,000,000 USD. This mass sell-off follows the 3.5 million shares of stock the company sold back in April for $551 million USD. During a press conference, the company announced that “GameStop will use net proceeds from the ATM Offering for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet," On the risk of bankruptcy and trading below four dollars per share in 2020, an unprecedented Reddit -induced...
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  • Topps Reveals 2021 Projected Sales Ahead of Stock Market Debut

    Topps Reveals 2021 Projected Sales Ahead of Stock Market Debut

    1 month ago - By Hypebeast

    Premium sports trading card maker Topps has officially announced its 2021 projected sales ahead of its stock market debut. The numbers see the company sales hit $760 million USD, which is expected to be 10 percent more than the initial projections investors valued at the beginning of June. In its regulatory filing, Topps revealed that the first quarter of the year has brought in sales that allotted for a 55 percent increase to $166.6 million USD. With the growing interest in trading cards, the company has also cited that its highest performing quarter falls under their sports and...
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