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Boeing ( (BA) ) has issued an update.
Boeing has launched a significant offering of 112,500,000 shares of common stock, upsized from the initial 90,000,000 shares, alongside $5 billion of depositary shares representing newly issued Series A Convertible Preferred Stock. This move aims to support general corporate needs, including debt repayment and investments, showcasing Boeing’s strategic financial maneuvers in the stock market. The offering has attracted major financial institutions like Goldman Sachs and J.P. Morgan as underwriters.
Learn more about BA stock on TipRanks’ Stock Analysis page.