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Alphabet plans major global IPO for AI growth
Alphabet is preparing for the largest global stock offering to fund AI expansions, amounting to $80 billion, surpassing the previous record set by Brazil's Petrobras at $70 billion. The offering includes a phased sale of shares worth $40 billion starting from the third quarter, along with the issuance of $15 billion in common shares and convertible bonds. There are strong buy orders that exceed the available supply. This deal is the company's biggest financing effort since its inception, aimed at supporting its growth in artificial intelligence.
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