"Super Micro's Stock Plunges After Discounted Share Offering"
TL;DR Summary
Super Micro Computer's shares dropped 5% after pricing a public stock offering at a discount, erasing about 28% from its market capitalization over five consecutive declining sessions. The AI server maker is selling 2 million shares at $875.00 each, expecting to make $1.75 billion in gross proceeds, and its recent surge in market value led to its inclusion in the S&P 500 index.
Topics:business#ai-servers#finance#market-capitalization#sandp-500#stock-offering#super-micro-computer
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- Super Micro Seeks Up to $2 Billion in Share Sale After Rally Bloomberg
- Stock Market Today: Dow Jones Reverses Ahead Of Fed Meeting; AI Stock Super Micro Plunges 12% Investor's Business Daily
- Super Micro’s stock is suffering its worst five-day stretch in four years MarketWatch
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