Super Micro's Stock Offering at Discount Impacts Share Price
Wednesday, 20 March 2024, 16:51
Super Micro's Stock Price Decline
The stock of Super Micro has declined for the fifth consecutive session, resulting in a loss of about 28% in market capitalization.
Stock Offering
Super Micro is planning to sell 2 million shares of its common stock at a reduced price of $875.00 per share to raise $1.75 billion in gross proceeds.
This move has impacted the stock price, which ended 9% lower at $910.97 after the offering announcement.
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