"Super Micro's Stock Offering Delay Leads to 12% Plunge"

1 min read
Source: Yahoo Finance
"Super Micro's Stock Offering Delay Leads to 12% Plunge"
Photo: Yahoo Finance
TL;DR Summary

Super Micro Computer Inc. has delayed the pricing of a 2 million share sale until after the market closes in New York, with Goldman Sachs as the sole underwriter. The company's recent stock market success, driven by enthusiasm in artificial intelligence, has led to a gain of nearly 1,000% over the past 12 months and a $56 billion market cap. The delay comes after Super Micro shares plunged following the share sale announcement, and the pricing of the deal may potentially change based on investor demand.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

80%

43886 words

Want the full story? Read the original article

Read on Yahoo Finance