GameStop shares have gone ballistic this year, surging more than 800 per cent thanks to love from Reddit fans betting on a turnaround for the video game retailer. Now, GameStop has cashed in with a sale of more than $US550 million ($707 million) in stock.Shares of GameStop soared about 7 per cent Tuesday on the news of the stock sale.GameStop announced earlier this month that it planned to sell as much as 3.5 million shares. The company said Tuesday that it will use the proceeds from the offering to continue investing in its transformation into a more online-focused retailer, and to strengthen its balance sheet.
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