[Alphabet's $80 Billion Equity Financing May Set Fundraising Record] BlockBeats News, June 3, according to data compiled by institutions, Alphabet (GOOG.O) has launched an $80 billion equity financing to raise funds for artificial intelligence infrastructure development, which is expected to become the largest equity capital market transaction in history. The jointly issued stocks (including common stock, capital stock, and mandatory convertible preferred stock similar to equity) were priced late Tuesday. Its scale will surpass the approximately $70 billion common and preferred stock issuance by Petrobras in 2010. The largest single transaction in this deal by Google's parent company—a $40 billion "at-the-market offering" plan—is expected to commence in the third quarter. Such offerings allow the company to sell shares to the market from time to time without prior announcements, but the raised amounts must be disclosed periodically in regulatory filings. [Original Link]