Intel is reportedly planning to expand its stock issuance scale to raise $20 billion
Intel is reportedly planning to increase the scale of its stock offering to approximately $20 billion, which is one-third higher than the original target. The expected issue price is $95 per share or higher, representing a 6.5% discount from last Friday's closing price. If the overallotment option is exercised, the fundraising amount may increase further. Currently, subscription demand has exceeded $100 billion, but specific details are still under negotiation and have not yet been finalized
According to informed sources, Intel Corporation is planning to increase the fundraising scale of this stock offering to approximately $20 billion, which is one-third higher than the target scale announced when the transaction was disclosed on Monday morning.
The sources indicated that the pricing for this issuance is expected to be at $95 per share or higher; due to the information not being publicly disclosed, the sources requested anonymity. Based on calculations, this pricing represents a 6.5% discount compared to last Friday's closing price.
One of the informed sources stated that if the overallotment option is exercised, the fundraising scale is expected to further exceed $20 billion. The subscription demand generated from this stock offering has already surpassed $100 billion.
The informed sources mentioned that relevant discussions are still ongoing, and details such as the issuance scale and pricing may still change. An Intel spokesperson declined to comment
