Alphabet sells $12.4 billion of shares through ATM program

Alphabet said it sold $12.4 billion worth of stock in the third quarter under an at-the-market program announced earlier this year. The company issued 12 million class A shares for $4.3 billion and 24 million class C shares for $8.1 billion.

• 36 million shares sold for a total of $12.4 billion
• 12 million class A shares raised $4.3 billion
• 24 million class C shares raised $8.1 billion