economy
Alphabet's $80 billion stock sale leaves Wall Street in 'unprecedented territory,' says Goldman's Gutman
Goldman Sachs is acting as a joint book-running manager for Alphabet's underwritten offerings.
TL;DR
- Alphabet plans to sell $80 billion in shares to fund its artificial intelligence commitments.
- Goldman Sachs CEO Anthony Gutman stated this leaves markets in "unprecedented territory."
- An allocation of $10 billion will go to Berkshire Hathaway for AI compute infrastructure.
- Goldman Sachs, JPMorgan Chase, and Morgan Stanley are managing the underwritten offerings.
- The issuance comes as capital markets prepare for a potentially record year with other mega-IPOs.
- SpaceX, OpenAI, and Anthropic are also planning to go public.
- Gutman expressed excitement about these exceptional companies raising capital.