Super Micro Computer Prices $1.75 Billion Share Offering-March 2024-www.financetom.com

Super Micro Computer Prices $1.75 Billion Share Offering

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Super Micro Computer Prices $1.75 Billion Share Offering

Mar 20, 2024 2:20 AM

04:51 AM EDT, 03/20/2024 (MT Newswires) -- Super Micro Computer ( SMCI ) said late Tuesday it priced an underwritten public offering of 2 million common shares at $875 per share.

The gross proceeds are expected to total $1.75 billion, which the company said it plans to use to support ongoing operations and expand manufacturing capacity.

The company said it granted the underwriter a 30-day option to purchase up to an additional 300,000 shares. The offering is expected to close around Friday.

Previous page： NatWest first-quarter profit slumps 27% as savings, mortgage competition bite Next page： Snap shares jump nearly 30% after Q1 beat

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

NatWest first-quarter profit slumps 27% as savings, mortgage competition bite

Apr 25, 2024

LONDON (Reuters) -NatWest's ( NWG ) first-quarter profit fell by a less than expected 27%, it said on Friday, hit by competition for savings, lending and mortgage products which has squeezed margins across the sector. The British bank said pretax operating profit for the January-March period was 1.3 billion pounds ($1.63 billion), down from 1.8 billion pounds a year earlier...

Snap shares jump nearly 30% after Q1 beat

Apr 25, 2024

April 26 (Reuters) - Shares in Snap soared nearly 30% in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and user growth. Snap shares jumped 29% in early trading on the German market. They rose as much as 25% in after-hours trading in New York on Thursday....

EXPLAINER-What is so special about TikTok's technology

Apr 25, 2024

HONG KONG, April 26 (Reuters) - The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the U.S. ordered its Chinese owner, ByteDance, to sell the app's U.S. assets or face a nationwide ban. Here is how it works and why it has attracted more discussion than technology used by...

Nomura Q4 net profit jumps almost eight fold on retail income surge

Apr 25, 2024

TOKYO (Reuters) - Nomura Holdings ( NMR ), Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail income rose to its highest in eight years. January-March net profit was 56.8 billion yen ($363.87 million) compared to 7.3 billion yen a year earlier when worries about...