US video game retailer GameStop says it has raised more than $2bn (£1.57bn) in its second share sale in a month after a rally led by the investment influencer Keith Gill, known as Roaring Kitty.
The announcement comes just days after Mr Gill’s first YouTube livestream in three years.
The company’s shares jumped by almost 23% on Tuesday and have doubled in the last six months.
GameStop’s popularity among retail investors during the pandemic helped coin the idea of meme stocks – those that gain popularity through sites like Reddit.
Stocks that often became popular were ones that had been heavily bet against by professional investors ... Read even more
