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Equity Sale

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businesstechnology1 year ago

"Super Micro Computer Seeks $2 Billion in Equity Sale Amid Stock Dip"

Super Micro Computer plans to sell 2 million shares, potentially raising $2 billion, causing its shares to drop 9% in pre-market trading. The company's stock has surged this year, outperforming Nvidia, but has recently declined. The funds raised will be used for inventory purchase, manufacturing expansion, research and development, and working capital. Goldman Sachs has the option to purchase an additional 300,000 shares within 30 days.