Intel Corp. (NASDAQ:INTC) just gave investors a new reason to pay attention to its $100-plus stock price. The chipmaker announced Monday that it plans to raise $15 billion through a public offering of common stock, with underwriters also receiving a 30-day option to purchase up to another $2.25 billion of shares.
The tech company’s shares fell more than 3% in premarket trading after the announcement as investors weighed the potential increase in the number of shares outstanding.
