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Barchart
Wajeeh Khan

A $4.5 Billion Reason Why Nebius Stock Is Down Today

Nebius Group (NBIS) stock slipped on Aug. 19 after the artificial intelligence (AI) infrastructure firm disclosed plans for a $4.5 billion convertible senior notes offering.

In its press release, management also revealed that private negotiations are ongoing to exchange a portion of the company’s existing debt for its Class A common shares.

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