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GameStop raises over $2bn after Roaring Kitty rally


The company said it had sold all 75 million shares it had offered to investors.

US video game retailer GameStop says it has raised more than $2bn (£1.57bn) in its second sale in a month after a rally led by the investment influencer Keith Gill, known as Roaring Kitty. Mr Gill became famous in 2021 for inspiring an army of online investors to back GameStop. Other so-called meme stocks, including cinema chain AMC and technology firm Blackberry, also saw their shares prices jump during the pandemic.

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