Supermicro Announces Proposed Public Offering of Common Stock
2,000,000 shares offered at $262 per share, gross proceeds expected to be $524 million
This is a Press Release edited by StorageNewsletter.com on December 1, 2023 at 2:01 pmSuper Micro Computer, Inc. announced the launch of a proposed underwritten registered public offering of 2,100,700 shares of its common stock.
A total of 2,000,000 shares is being offered , and a total of 100,700 shares is being offered by certain selling stockholders. In addition, the company expects to grant the underwriters a 30-day option to purchase up to an additional 315,105 shares of its common stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
J.P. Morgan, BofA Securities and Goldman Sachs & Co. LLC are acting as lead book-running managers for the proposed offering.