FX.co ★ Super Micro Computer Launches Public Offering Of 2 Mln Shares; Stock Down Over 9%

Super Micro Computer, Inc., also known as SMCI, declared on Tuesday that they are initiating a proposed registered public offering of 2 million shares. Additionally, Supermicro is anticipated to provide the underwriter with a 30-day purchasing option for an extra 300,000 shares. Goldman Sachs & Co. LLC will be the sole underwriter and book-running manager for this proposed offering. Furthermore, SMCI experienced a dip in the Nasdaq pre-market trade, with its share value going down by 9.23% at $909.89 per share.