Netflix looking to raise AS to 5 billion shares
Post# of 96879
Posted On: 04/12/2015 10:32:10 PM
Netflix looking to raise AS to 5 billion shares
Could they be looking to raise capital for acquisitions
http://www.reuters.com/article/2015/04/10/us-...B420150410
Could they be looking to raise capital for acquisitions
http://www.reuters.com/article/2015/04/10/us-...B420150410
Quote:
(Reuters) - Netflix Inc is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators.
The company is seeking shareholder approval to increase the number of shares authorized to 5 billion from the current 170 million, a regulatory filing showed.
The move by Los Gatos, California-based Netflix, whose stock has traded at above $300 for a year-and-a-half, indicates a first step toward a possible stock split.
Netflix, whose shares closed at $454.57 on Friday on the Nasdaq, was not immediately available for comment.
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