IPO - TAKE TWO INTERACTIVE SOFTWARE INC

Form Type: 424B5

Filing Date: 2025-05-22

Corporate Action: Ipo

Type: New

Accession Number: 000119312525124587

Filing Summary: Take-Two Interactive Software, Inc. is offering 4,750,000 shares of its common stock at a public offering price of $225.00 per share, which totals approximately $1,068,750,000. The last reported sales price of the common stock was $234.66 per share as of May 19, 2025. Proceeds from the offering will be used for general corporate purposes, which may include repaying outstanding debt and potential future acquisitions. There is an option for underwriters to purchase an additional 712,500 shares within 30 days, which could increase total proceeds to approximately $1.19 billion if exercised. The expected delivery date for the shares is May 22, 2025. This goes along with the company's strategic aim to enhance liquidity and fund operations amidst ongoing risks associated with market volatility and competition. Additionally, Take-Two has not paid dividends historically and does not anticipate paying any for the foreseeable future. The company emphasizes its strong commitment to creativity, innovation, and a player-first approach in developing engaging interactive entertainment experiences across various platforms.

Form Type: 8-K

Filing Date: 2025-05-22

Corporate Action: Ipo

Type: New

Accession Number: 000119312525125066

Filing Summary: On May 20, 2025, Take-Two Interactive Software, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC. The company plans to sell 4,750,000 shares of its common stock at a public price of $225.00 per share. Additionally, the underwriters were granted an option to purchase up to 712,500 additional shares, which they fully exercised on May 21, 2025. The securities are being offered under an effective registration statement on Form S-3. The sale of shares closed on May 22, 2025, following the pricing announcement made through a press release on May 20, 2025. The underwriting agreement includes standard indemnification clauses and representations from the parties involved, highlighting the company’s compliance with SEC regulations regarding the sale of common stock.