GameStop to sell 3.5m shares after stock frenzy boosts price

The shares will be sold through an ‘at-the-market’ offering (John Minchillo/AP)

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said on Monday that it will sell up to 3.5 million of its shares.

The company said the shares will be sold through an “at-the-market” offering, which lets a publicly traded company raise capital over time.