Oracle's $10 Billion Stock Offering: Top Ten Investors Take 65% of the Allocation

People familiar with the matter said that in Oracle's $10 billion equity offering, 65% of the shares were allocated to the 10 largest investors. Demand for the offering was several times the deal size. The offering was subscribed by long-only investors, sovereign wealth funds and existing shareholders. The top 20 investors together subscribed for 85% of the shares. Oracle rose as much as 5% intraday to $125.31 in the New York market on Tuesday.