Tech
AI infrastructure company Nebius to raise $3 billion to fuel growth
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Nebius Group said on Wednesday it would raise $3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its $17.4-billion deal with Microsoft.
The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company’s class A shares.
Goldman Sachs is lead book-running manager on the public offering alongside Morgan Stanley, BofA Securities and Citigroup as additional book-running managers.
Nebius said it will use the cash to finance continuing…
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