Microsoft said Tuesday it sold $13 billion of stock on its public offering and raised $5 billion in new capital to boost its business.
The company’s shares sold for a premium to the closing price of $15.72 a share on Monday.
Microsoft also said it expects its revenue for the fiscal year to rise to $11.8 billion, up from $10.6 billion in the previous fiscal year.
The stock has surged more than 200% since the start of the year.
Shares rose as much as 5% after the news broke.
Microsoft said the company plans to raise $6.4 billion from its stock offerings.
Microsoft has sold more than $14 billion of its stock since its last public offering in 2013.
The technology giant’s shares have increased more than 4,500% over the past year.