Boeing set to raise $19 billion through share offerings

Boeing Co. has announced plans to issue both common and depositary shares, with the expectation of raising approximately $19 billion in capital.

According to Report, which cites Interfax, Boeing will offer investors 90 million common shares. Based on the closing price of Boeing's shares on Friday, which stood at $155.01, the value of these shares is estimated to be around $13.95 billion.

In addition to the common shares, Boeing intends to sell depositary shares worth $5 billion. The company will also provide underwriters with the opportunity to place an additional 13.5 million common shares and depositary shares valued at $750 million.

The proceeds from the share offerings will be utilized for various corporate purposes, including debt repayment, working capital replenishment, investments, and financing of subsidiary companies.