Super Micro Considers $2 Billion Equity Raise Amid Surging Stock Prices
Tuesday, 19 March 2024, 12:06
Super Micro Stock Surge
The San Jose-based company's shares have more than tripled since January, making equity fundraising an appealing choice.
AI Server Demand
- The demand for Super Micro's servers used in artificial intelligence data centers has contributed significantly to its stock rise.
The company plans to increase its outstanding shares by 58.6 million through the equity offering, with Goldman Sachs having the option to purchase up to 300,000 additional shares within 30 days.
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