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MUNICH/AMSTERDAM - Nebius Group N.V. (NASDAQ:NBIS), an AI infrastructure company with a market capitalization of $22.29 billion, announced on Tuesday it has priced its public offering of $1 billion in Class A ordinary shares at $92.50 per share. The company’s stock has shown remarkable momentum, gaining over 43% in the past week alone, according to InvestingPro data.
The company has granted underwriters a 30-day option to purchase up to an additional $150 million of shares. The offering is expected to close on September 15, 2025.
Simultaneously, Nebius Group priced $2.75 billion in convertible senior notes in two series: $1.375 billion of 1.00% notes due 2030 and $1.375 billion of 2.75% notes due 2032. This offering was upsized from the previously announced $2 billion aggregate principal amount.
Goldman Sachs & Co. LLC is serving as lead book-running manager, with Morgan Stanley, BofA Securities, and Citigroup acting as additional book-running managers.
The company estimates net proceeds of approximately $979.5 million from the share offering and about $2.69 billion from the notes offering, before accounting for any exercise of the underwriters’ options. With a strong current ratio of 14.7, InvestingPro data shows Nebius maintains robust liquidity to support its expansion plans.
Nebius Group intends to use the proceeds to finance business growth, including acquiring additional compute power and hardware, securing strategic land plots, expanding its data center footprint, and for general corporate purposes.
The Amsterdam-headquartered company describes itself as building full-stack infrastructure for the AI industry, with R&D hubs across Europe, North America, and Israel. Its businesses include autonomous driving technology developer Avride and edtech company TripleTen.
The information is based on a press release statement from the company.
In other recent news, Nebius Group has announced a significant financial maneuver with plans to offer $2 billion in convertible senior notes. This offering is divided into two series, each valued at $1 billion, with notes due in 2030 and 2032. Additionally, the company has launched a $1 billion public offering of Class A shares, with Goldman Sachs leading the effort alongside Morgan Stanley, BofA Securities, and Citigroup. The proceeds from these offerings are intended to support the expansion of Nebius Group’s AI infrastructure business, including acquiring more compute power and expanding its data center footprint. In related developments, BWS Financial has raised its price target for Nebius Group to $130, maintaining a Buy rating, following the company’s major contract with Microsoft. This contract is valued at up to $19.4 billion over five years, marking Nebius Group’s first hyperscaler contract. These recent developments indicate strategic moves by Nebius Group to enhance its market position and operational capabilities.
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