Take-Two Slides After Pricing $1B Stock Offering At Discount: Retail Sentiment Sours

The company intends to use the net proceeds to pay off outstanding debt and fund future acquisitions.
The Take-Two Interactive Software, Inc. (T2) logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 31, 2024.
The Take-Two Interactive Software, Inc. (T2) logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 31, 2024. (Photo Illustration by Jaque Silva/NurPhoto via Getty Images)
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Shanthi M·Stocktwits
Published May 21, 2025 · Updated Jul 3, 2025
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Take-Two Interactive (TTWO) shares fell in Tuesday’s extended session after the video game software developer announced a common stock offering. 

The New York-based company priced the underwritten public offering of 4.75 million shares at $225 per share, a discount to the stock’s closing price of $237.50 on Tuesday. The offering is expected to generate $1.04 billion in net proceeds for the company.

Take-Two granted underwriters a 30-day option to purchase up to 712,500 additional shares.

The company intends to use the net proceeds to pay off outstanding debt and fund future acquisitions. 

The offering is expected to close on May 22, subject to customary closing conditions. 

Last week, Take-Two reported better-than-expected results for the fourth quarter of the fiscal year 2025, with strong growth in key operating metrics. The upside was supported by solid performances of its key franchises, including Grand Theft Auto (GTA), NBA 2K, and Zynga. 

However, the company issued softer guidance for the fiscal year 2026 due to the previously disclosed delay in the launch of the GTA VI from fall 2025 to May 2026.

The Fly reported that UBS analysts shrugged off the delay and are optimistic for fiscal year 2027 and beyond.

On Stocktwits, retail sentiment toward Take-Two stock is ‘bearish’ (38/100), although the message volume was ‘high.’

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TTWO sentiment and message volume as of 1:16 a.m. ET, May 21 | source: Stocktwits

One watcher said they were bearish on the stock, flagging a potential price drop to $220.

Take-Two stock ended Tuesday’s session up 1.21% at $237.50 but pulled back by 3.55% in the after-hours session.

The stock is up 29% year-to-date.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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