MW Nebius prices stock-market offering at 44% premium to before it announced Microsoft deal
By Steve Goldstein
A company provided photo of a Nebius data center in Finland. Fresh off a Microsoft deal, Nebius is raising money through the stock and convertible-bond market.
Nebius on Thursday priced a stock-market offering at a 44% premium to where it stood before inking a massive cloud deal with Microsoft, a demonstration of how quickly the market can re-price earnings expectations in the AI age.
Nebius (NBIS) said it priced its $1 billion stock-market offering at $92.50, alongside an upsized $2.75 billion convertible bond. Nebius stock closed Wednesday at $93.39, after a Tuesday in which its stock soared 49%.
Nebius said it'll use the money to "finance the continuing growth of its business, including the acquisition of additional compute power and hardware, securing strategic high-quality and well-located land plots with reliable providers, the expansion of its data center footprint, and for general corporate purposes."
The Amsterdam-listed company late on Monday signed a $17 billion deal with Microsoft $(MSFT)$ for data-center and related services.
Related: Nebius's deal with Microsoft points to astounding growth - and CoreWeave could benefit too
Oracle shares $(ORCL)$ soared 36% on Wednesday after revealing a big spike in its backlog, that the Wall Street Journal reported to be from OpenAI to provide cloud-computing services.
-Steve Goldstein
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September 11, 2025 05:14 ET (09:14 GMT)
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