Joby Aviation closes $591 million stock offering with full underwriter option
AMSTERDAM - Nebius Group N.V. (NASDAQ:NBIS), an AI infrastructure company, announced Monday that underwriters have fully exercised their option to purchase an additional 1,621,621 Class A ordinary shares at $92.50 per share, bringing the total gross proceeds from its Class A offering to approximately $1.15 billion. The announcement comes as the company’s stock trades near its 52-week high, having delivered an impressive 268% return over the past six months. According to InvestingPro analysis, the stock currently appears overvalued based on its Fair Value estimates.
The initial closing of the Class A offering occurred on September 15, coinciding with the company’s closing of its convertible notes offering due 2030 and 2032 to qualified institutional buyers. The combined proceeds from both offerings, including the additional Class A shares, total approximately $4.3 billion.
Goldman Sachs & Co. LLC served as the lead book-running manager for the offering, with Morgan Stanley, BofA Securities, and Citigroup acting as additional book-running managers.
The Class A shares were offered pursuant to Nebius Group’s automatically effective shelf registration statement on Form F-3ASR filed with the SEC on May 2, 2025.
Nebius Group, headquartered in Amsterdam and listed on Nasdaq, describes itself as a company building infrastructure for the AI industry. The company operates an AI-native cloud platform designed for intensive AI workloads, with proprietary software and hardware. Nebius Group also maintains additional businesses under separate brands, including Avride, which develops autonomous driving technology, and TripleTen, an educational technology company.
This information is based on a press release statement from the company.
In other recent news, Nebius Group N.V. has completed a significant financial maneuver, raising approximately $1 billion through a public offering of 10,810,811 Class A ordinary shares priced at $92.50 each. Concurrently, the company closed a private offering of convertible senior notes totaling approximately $3.16 billion, divided into two series maturing in 2030 and 2032. This notes offering was upsized from an initial $2 billion to $2.75 billion, with each series amounting to $1.375 billion. Nebius Group had previously announced its intention to offer $2 billion in convertible notes, highlighting its strategic financial planning. Meanwhile, the company has granted underwriters a 30-day option to purchase an additional $150 million of shares, with the offering expected to close by September 15, 2025. In separate news, Noba Bank Group is preparing for an initial public offering on the Nasdaq Stockholm stock exchange, targeting a valuation of $3.74 billion. This IPO will involve existing shares held by current shareholders and is anticipated to occur in the third quarter. These developments mark significant financial activities for both Nebius Group and Noba Bank Group.
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