Carnival Files to Sell Another $1.5 Billion Worth of Stock
Less than two weeks after selling over 67 million shares under a prior $1 billion stock offering, Carnival (NYSE: CCL) (NYSE: CUK) said Tuesday it would be opening up a new equity offering totaling $1.5 billion.
The cruise ship industry is struggling to remain afloat amid no-sail orders due to the coronavirus pandemic, and though operators will be allowed to return to the high seas soon on a limited basis, the cruise companies have suspended almost all sailing until 2021.
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Source Fool.com
