Carnival May Sell $1.5 Billion in Stock After Vaccine Rally

(Bloomberg) — Carnival Corp. filed to sell as much as $1.5 billion in stock, joining at least one other travel-related company in taking advantage of Monday’s rally on hopes for a coronavirus vaccine.In a supplemental filing Tuesday, the world’s largest cruise company said it would use the at-the-market equity offering program to raise money for general corporate purposes. Carnival recently completed the sale of 67.1 million common shares under a similar program.The filing comes at an opportune moment: Carnival shares posted their biggest-ever single-day gain Monday after a Covid-19 vaccine candidate from Pfizer Inc. and BioNTech SE prevented more than …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.