03:38 AM EDT, 09/11/2025 (MT Newswires) -- Nebius Group ( NBIS ) said Thursday it priced a $1 billion public offering of class A shares at $92.50 apiece.

The company has granted underwriters a 30-day option to purchase up to an additional $150 million of shares. The offering is expected to close on Sept. 15.

Nebius ( NBIS ) expects net proceeds of about $979.5 million from the offering, or roughly $1.13 billion if the underwriters take up the option to purchase additional class in full.

Additionally, the company priced an upsized offering of $2.75 billion of convertible senior notes in two series, including roughly $1.38 billion of 1% notes due 2030 and about $1.38 billion of 2.75% notes due 2032.

Nebius ( NBIS ) granted initial purchasers of the notes a 13-day option to buy up to an additional $206.3 million each of the 2030 and 2032 notes.

The company aims to use the proceeds from the share and notes offerings to fund business growth, including the expansion of its data center presence, and for general corporate purposes.