The company filed in early September to sell 2.17 billion new common shares and 1.59 billion new preferred shares to fund a large investment plan to tap deepwater oil reserves. Petrobras said on Friday it could sell an additional 940 million shares in the so-called greenshoe option, compared with an original option to sell 564 million shares.
Petrobras could issue up to $79 billion worth of shares, dwarfing a previous offering record set in 1987 by Japan’s biggest phone company, Nippon Telegraph and Telephone (9432.T), with the sale of $36.8 billion of shares.
Another large offering in capital markets recently was the initial sale of Agricultural Bank of China that raised $22.1 billion.
Here is a list of the world’s biggest stock sales, including IPOs: YEAR ISSUER COUNTRY PROCEEDS —————————————————————————————— 2010 Petrobras (PETR4.SA) Brazil $79 billion
planned maximum* 1987 NTT 9432.T Japan $36.8 billion 2008 RBS RBS.L UK $24.4 billion 2009 Lloyds LLOY.L UK $22.5 billion 1988 NTT 9432.T Japan $22.4 billion 2010 AgBank 601288.SS China $22.1 billion 2006 ICBC 0349.HK China $22 billion 2008 Visa V.N US $19.7 billion 2009 HSBC HSBA.L UK $19.4 billion 2007 Fortis Belgium $19.3 billion 2009 Bank of America BAC.N US $19.3 billion 1998 NTT DoCoMo 9437.T Japan $18.1 billion Source: Thomson Reuters Data * stock offering hasn't taken place yet Compiled by Elzio Barreto, editing by Dave Zimmerman