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Benzinga
Benzinga
Business
Akanksha Bakshi

Why Nebius Is Raising $3.7 Billion Just Weeks After Microsoft Deal

Nebius United States NBIS
Nebius Group

Nebius Group N.V. (NASDAQ:NBIS) said Thursday it priced a $1 billion offering of Class A ordinary shares at $92.50 per share, with closing expected Sept. 15. Underwriters have a 30-day option to purchase up to an additional $150 million of stock.

The Amsterdam-based company also priced $2.75 billion in convertible senior notes split between maturities in 2030 and 2032. The offerings are expected to raise nearly $3.7 billion in total proceeds.

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