Super Micro's shares drop after pricing stock offering at discount
The Star Online - Tech·2024-03-21 08:00
(Reuters) - Super Micro Computer's shares fell 5% on Wednesday after the AI server maker announced the pricing of its public stock offering, selling the shares at a discount to their most recent closing price.
The slide marks the fifth consecutive session of decline for the stock, erasing about 28% from the company's market capitalization over the period and lowering its share price to $862.
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