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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Mar. 28, 4:58 PM

Slide #15. Super Micro Computer, Inc. Secondary Offering

Company: Super Micro Computer, Inc. (NASDAQ:SMCI)
Date announced: 3/19/2024
Shares Offered: 2,000,000
Date of Pricing: 3/19/2024
Price Per Share: $875.00
Secondary Offering Details: Super Micro Computer, Inc. ("Supermicro" or the "Company") (NASDAQ:SMCI) today announced the launch of a proposed underwritten registered public offering of 2,000,000 shares of its common stock. In addition, Supermicro expects to grant the underwriter a 30-day option to purchase up to an additional 300,000 shares of its common stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 3/19- Super Micro Computer, Inc. ("Supermicro" or the "Company") (NASDAQ:SMCI) , today announced the pricing of its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $875.00 per share. Additionally, the Company has granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Supermicro are expected to be $1.75 billion before deducting underwriting discounts, commissions and estimated offering expenses, and assuming no exercise of the underwriter's option to purchase additional shares. The offering is expected to close on or about March 22, 2024, subject to customary closing conditions.

Super Micro Computer is a provider of accelerated compute platforms that are server and storage systems for various markets, including enterprise data centers, cloud computing, artificial intelligence, 5G and edge computing. Co.'s solutions include servers, storage systems, modular blade servers, blades, workstations, rack scale solutions, networking devices, server sub-systems, server management and security software. Co. also provides global support and services to help its customers install, upgrade and maintain their computing infrastructure. Co. provides its customers an array of server models and configurations from which they can choose the solutions to fit their computing needs.

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Company Name:  Super Micro Computer Inc
Website:  www.supermicro.com
Sector:  Computers
Number of ETFs Holding SMCI:  87
Total Market Value Held by ETFs:  $8.97B
Total Market Capitalization:  $57.34B
% of Market Cap. Held by ETFs:  15.65%
 

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March 28, 2024    4:58 PM Eastern
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Buy (3.17 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)

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