Oracle raised 9.9 billion dollars by issuing shares at an 11% discount on market prices. The company's stock price suffered a setback in volatile trading at the beginning of the week. According to a statement late Monday, Oracle sold 86.21 million shares at a price of $116 each. In contrast, before the deal was announced, the closing price was $130.67 last Friday. Oracle also said it issued $10 billion bonds in five batches on Monday, with terms ranging from 3 to 20 years, which confirmed earlier media reports. According to the filing documents, Bank of America took the lead in arranging two stock and bond transactions. To fund huge expenses related to artificial intelligence, Oracle raised billions of dollars by selling shares this year to broaden funding sources.

Oracle raised 9.9 billion dollars by issuing shares at an 11% discount on market prices. The company's stock price suffered a setback in volatile trading at the beginning of the week. According to a statement late Monday, Oracle sold 86.21 million shares at a price of $116 each. In contrast, before the deal was announced, the closing price was $130.67 last Friday. Oracle also said it issued $10 billion bonds in five batches on Monday, with terms ranging from 3 to 20 years, which confirmed earlier media reports. According to the filing documents, Bank of America took the lead in arranging two stock and bond transactions. To fund huge expenses related to artificial intelligence, Oracle raised billions of dollars by selling shares this year to broaden funding sources.