Super Micro Computer priced equity and equity-linked financing initiatives to raise up to $7 billion.
The company priced 45.45 million shares of common stock at $27.50 per share. It also priced 75 million depositary shares for mandatory convertible preferred stock at $50 per share. Initial offerings are expected to generate approximately $4.9 billion in net proceeds.
The capital will fund component purchases for a $39 billion backlog of AI server orders. These orders represent demand from more than 20 customers for advanced AI servers.
Shares fell following the June 9 announcement as investors reacted to potential shareholder dilution.