AI infrastructure company Nebius to raise $3 billion to fuel growth

Share via:



Nebius Group said on Wednesday it would raise $3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its $17.4-billion deal with Microsoft.

The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company’s class A shares.

Goldman Sachs is lead book-running manager on the public offering alongside Morgan Stanley, BofA Securities and Citigroup as additional book-running managers.

Nebius said it will use the cash to finance continuing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

AI infrastructure company Nebius to raise $3 billion to fuel growth



Nebius Group said on Wednesday it would raise $3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its $17.4-billion deal with Microsoft.

The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company’s class A shares.

Goldman Sachs is lead book-running manager on the public offering alongside Morgan Stanley, BofA Securities and Citigroup as additional book-running managers.

Nebius said it will use the cash to finance continuing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Alphabet to buy clean energy developer Intersect in $4.75...

Alphabet said ‍on Monday it would buy clean...

Apple will launch 20+ new products next year, here’s...

The new year is almost here, and Apple...

How SaaS Leaders Can Move From AI Hype to...

In conversations with founders, product leaders and CTOs,...

Popular