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# Oracle Prices $10 Billion Stock Sale At $116 A Share, 11.2% Below Its October 30 Close
- URL: https://www.bullished.co/oracle-prices-10-billion-stock-sale-at-116-a-share-11-2-below-its-october-30-close-bef89a8d/
- Published: 2026-11-04T11:15:52.000Z
- Updated: 2026-11-04T11:15:52.000Z
- Description: The 86.2 million new shares equal 2.8% of the 3.11 billion outstanding after the sale, and a separate $10 billion notes offering runs alongside.
- Author: Matteo Parrino
- Tags: SEC Filings, ORCL, Industry: Technology, Topic: Capital Raising

[Oracle](https://www.bullished.co/tag/orcl/) priced an offering of [86,206,897 shares](https://www.sec.gov/Archives/edgar/data/0001341439/000119312526445847/d181425d424b5.htm?ref=bullished.co) of common stock at $116 each, for gross proceeds of $10.00 billion, according to a prospectus supplement dated Monday. The price is 11.2% below the $130.67 the stock last sold for on the New York Stock Exchange on October 30, 2026.

## Bigger than the launch terms

The final deal is larger than the one first sketched. The launch terms assumed [76,528,659 shares at $130.67](https://www.sec.gov/Archives/edgar/data/0001341439/000119312526445847/d181425d424b5.htm?ref=bullished.co). The priced deal sells 86,206,897 shares at $116, which lifts the share count after the offering to 3,109,933,592 from 3,100,255,354.

The new shares amount to 2.8% of that post-offering total. Oracle expects net proceeds of about $9.9 billion after underwriting discounts and estimated expenses. Underwriters take $1.4094 a share, or $121,500,001 in all.

Oracle left its plans broad, citing "general corporate purposes" that could cover capex, debt paydowns, acquisitions, dividends or buybacks.

## A second $10 billion, in debt

Oracle is also selling $10,000,000,000 of senior notes under a separate prospectus supplement. Neither deal is conditioned on the other closing, and the stock ranks below the notes.

Debt is already large. As of August 31, 2026, Oracle had about $236.1 billion of consolidated debt outstanding, excluding intercompany debt, which ranks ahead of the common stock. It could borrow up to another $19.7 billion under its revolving credit facility and commercial paper program, and expects further borrowing through vendor financing, leases and other arrangements.

## The business behind the raise

Oracle sells the software, cloud services and hardware that companies use to build, run and support their IT systems, from finance and HR applications to the Oracle database and cloud infrastructure for AI workloads. Cloud revenues were 51% of its total in the fiscal year ended May 31, 2026.

The company's prospectus says current and expected customer demand will require continued growth in cloud and software spending and capital expenditures to expand data center capacity. Oracle stock closed at $126.19 on Tuesday, above the offer price, giving the company a market value of $382.5 billion.

Underwriters, led by BofA Securities as global coordinator, expect to deliver the shares on or about November 4, 2026.

Learn

- [How A Secondary Offering Affects A Stock's Price →](https://www.bullished.co/learn/how-secondary-offering-affects-stock-price/)  
A secondary offering is usually priced below the last close, which sets up pressure on the stock. See how it works with real October offerings and what to check.
- [How To Calculate Stock Dilution: The Formula, Worked Through Real Offerings →](https://www.bullished.co/learn/how-to-calculate-stock-dilution/)  
Stock dilution is new shares divided by shares outstanding after the sale. See the formula worked on real offerings and where to find the counts in a filing.

### Sources

- [Form 424B5 — ORACLE CORP (ORCL)](https://www.sec.gov/Archives/edgar/data/0001341439/000119312526445847/d181425d424b5.htm?ref=bullished.co) — SEC EDGAR

### More on Oracle

- [Oracle Stock Surges 6%, Adding $23 Billion, After Monday's $2 Billion Notes Filing](https://www.bullished.co/oracle-stock-surges-6-adding-23-billion-after-mondays-2-billion-notes-filing-e96c9392/)
- [Oracle Stock Tumbles 7%, Wiping Out $28 Billion, As It Launches $10 Billion Share Sale](https://www.bullished.co/oracle-stock-tumbles-7-wiping-out-28-billion-as-it-launches-10-billion-share-sale-fd398c8d/)
- [Oracle Launches $10 Billion Stock Sale Alongside $10 Billion Notes Offering](https://www.bullished.co/oracle-launches-10-billion-stock-sale-alongside-10-billion-notes-offering-5dc3078d/)

[All Oracle (ORCL) coverage →](https://www.bullished.co/tag/orcl/)