Supermicro Announces Proposed Public Offering of 2M Common Stock
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer, Inc. (SMCI) has announced a proposed public offering of 2 million shares of its common stock, with an option for the underwriter to purchase an additional 300,000 shares. Goldman Sachs & Co. LLC is the sole underwriter and book-running manager. The offering's completion is subject to market conditions.
March 19, 2024 | 11:10 am
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Supermicro announces a public offering of 2M shares, potentially diluting current shareholders but raising capital for the company.
Public offerings often lead to short-term negative price movements due to the dilution of existing shares. However, the capital raised can be beneficial for the company's long-term growth. The impact is significant due to the direct involvement of SMCI in the offering.
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