(Bloomberg) — Super Micro Computer Inc. is offering 2 million shares to potential investors at a price of $875 each, which is lower than the previously marketed range, as per sources familiar with the matter.
Goldman Sachs Group Inc., the sole underwriter of the share sale, is informally communicating the price after having earlier delayed the sale’s timing, the people said. The pricing was set to occur before Super Micro’s shares began trading on Wednesday, the people said.
The company was offering to sell 2 million shares at $900 to $1,000.68 each, Bloomberg News has reported. The sale was later considered a so-called marketed deal, and depending on investor demand, shares would potentially price outside the earlier proposed range, the people said.
At $875 per share, the company would raise as much as $1.75 billion, according to data compiled by Bloomberg.
Read More: Super Micro Seeks Up to $2 Billion in Share Sale After Rally
Super Micro shares closed at…
2024-03-19 17:23:04
Link from finance.yahoo.com
