Super Micro Computer Prices Public Offering Of 2M Common Shares At $875/Share
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer (SMCI) has priced its public offering of 2 million common shares at $875 per share, expecting gross proceeds of $1.75 billion. The offering is anticipated to close around March 22, 2024.

March 20, 2024 | 5:36 am
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Super Micro Computer (SMCI) is raising $1.75 billion through a public offering of 2 million shares priced at $875 each, with the offering expected to close by March 22, 2024.
The pricing of the public offering and the expected proceeds are significant for SMCI, indicating a major capital raise. However, the impact on the stock price in the short term could be neutral as the market absorbs the new shares and evaluates the use of proceeds. The high relevance and importance scores reflect the direct impact of this news on SMCI, while the confidence score is high due to the clear details provided about the offering.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100