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Super Micro Computer Plans Equity Offerings

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Super Micro Computer (SMCI) said late Tuesday it is planning $7 billion of equity and equity-linked financing transactions as part of efforts to fund artificial intelligence orders related to its advanced servers.

Total of $5 billion of public offerings comprises $1.25 billion of common stock and $3.75 billion of depositary shares. The company will grant the underwriters a 30-day overallotment option to buy additional shares, the company said.

The company also launched an at-the-market offering of up to $2 billion, expected to begin no earlier than Q3, according to a statement.

Net proceeds will be used to fund $39 billion of AI server orders and for general corporate purposes, the company said.

Shares of the company fell over 9% during after-hours.

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