GameStop stock continues to trade well above historical levels after its January surge, and the retailer is looking to take advantage.
Before the beginning of trading today, GameStop announced that it has filed with the US Securities and Exchange Commission to offer and sell up to 3.5 million shares of common stock at market prices.
GameStop shares ended today s trading at $186.95. At that price, the offering would raise more than $654 million for the retailer.
The company said it will use the proceeds to further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet.
GameStop began 2021 trading under $19, but when individual investors in online communities noticed how heavily short-sold the stock was, they began buying up shares and drove the price up to a high of $483 per share by the end of January.
The album which was dropped after almost a year since Delight released in May 2020, contains a total of six love-themed R&B genres, including the lead track Bambi and b-sidetracks Love Scene , All I Got , Privacy , Cry For Love and Amusement Park .
The album specifically drew more attention from K-pop enthusiasts as this will be apparently one of his last releases, prior to his military enlistment announced to be in May.
Meanwhile, Baekhyun continues to prove his million-seller energy as he rose to the top of the domestic and foreign weekly album charts with Bambi.
Costco is planning to open in Shenzhen in 2023. Initial plans to build a Costco in Guangdong were announced last September after a signed agreement was finalized between the Shenzhen government and the US-based retailer.
The project will be called Longhua Costco Galaxy, and the entire project, which also includes a megamall, is expected to be completed in 2025.
You may be familiar with the term ‘Shenzhen speed.’ Vice-chairman and president of Galaxy Holding Group, Yao Huiqiong, remarked: “[The] Shenzhen government is pushing forward the project at a ‘Shenzhen-style Tesla speed.’”
Shenzhen-style Tesla speed means even faster than normal, as the project has quickly won approvals from the city. Yao also added, “The project has gained strong support from the development and reform commission, the planning and land resources bureau, the commerce bureau and other government agencies of Longhua district.”