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Intel Upsizes Stock Offering to $20 Billion

Intel has upsized its planned stock offering to $20 billion, pricing the shares at $95, as it seeks to tap capital markets. This move comes amidst a turnaround rally for the company's stock.

10 Aug, 22:15 — 11 Aug, 08:42
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Sources

Showing 7 of 8 sources
bloombergHigh14h ago

Tencent’s WorkBuddy Sparks AI Turnaround Hopes After Stock Rout

Tencent Holdings Ltd.’s early success with WorkBuddy may give the Chinese Internet giant a chance to catch up after lagging peers in the artificial intelligence race for the past few years.

By Jeanny Yu

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cnbcMostly Factual16h ago

OpenAI wraps $7 billion share sale ahead of potential IPO

OpenAI's tender offer has been in the works since the company closed its record-breaking $122 billion funding round in March.

Read full article →
marketwatchMostly Factual6h ago

Intel now says it is selling $20 billion of stock

Intel on Tuesday said it would increase the size of its offering of new shares by an additional $5 billion to $20 billion.

By Steve Goldstein

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irish-independent10h ago

Intel to tap investors for $15bn as AI-driven turnaround gathers pace

By Ian King

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japan-timesMostly Factual13h ago

Intel is said to near share sale upsize to raise $20 billion

The chipmaker is poised to price the offering at around $95 per share or above — a third more than it was targeting when it announced the deal Monday morning.

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seeking-alphaMixed8h ago

Intel upsizes stock offering to $20B, prices at $95

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myjoyonlineMixed14h ago

Intel plans $15 billion share sale as turnaround rally lifts stock

Intel said on Monday it was planning to raise $15 billion through a share sale, as it looks to fund the costly ​build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by ‌its turnaround efforts.

By Abubakar Ibrahim

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