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SAN JOSE, California – Super Micro Computer, Inc. (NASDAQ: NASDAQ:), known as Supermicro, announced the pricing of its public offering of 2 million shares of common stock at $875.00 per share. The technology company expects to raise $1.75 billion in gross proceeds before deductions such as underwriting discounts and commissions. The offering, subject to customary closing conditions, is expected to close on March 22, 2024.
In addition to the shares offered, Supermicro gave the underwriter Goldman Sachs & Co (NYSE:). LLC, a 30-day option to purchase up to 300,000 additional shares at the public offering price with standard underwriting reductions.
The company plans to use the proceeds to support its operations, which include purchasing inventory, expanding production capacity and increasing investment in research and development. These steps aim to strengthen its position in providing optimized IT solutions for various applications such as Enterprise, Cloud, AI and Telco/Edge 5G IT infrastructure.
This offering is being made pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) on March 19, 2024. Prospective investors may obtain a final prospectus from Goldman Sachs & Co. LLC once will be available.
Supermicro, based in San Jose, California, is known for its application-optimized total IT solutions. The company’s broad product portfolio includes server, AI, storage, IoT and switch systems, as well as software and support services.
Supermicro takes pride in its design and manufacturing capabilities, spread across the United States, Taiwan and the Netherlands, with the goal of providing innovative solutions from the cloud to the edge, while emphasizing reducing total cost of ownership and cost of ownership. ‘environmental impact.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The information presented here is based on a press release from Super Micro Computer, Inc.
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