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Oracle's $5 Billion Mandatory Convertible Preferred Shares See Multiple Times Oversubscription
2 hour ago /
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Author：小编
According to sources with inside knowledge of the situation, Oracle's offering of $5 billion worth of mandatory convertible preferred shares witnessed an overwhelming response, with subscriptions multiplying several times over the available amount. Approximately half of the shares were allocated to pure long-term investors, while the rest went to hedge funds (encompassing convertible arbitrage funds). Institutions like Bank of America and Deutsche Bank were among the participants in this share issuance.
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