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← Nebius
Mon, Sep 15, 2025

Nebius closes ~$4.2 billion combined equity and convertible notes offering

Source document ↗

Key points

  • Convertible notes: $1.375B 1.00% due 2030 + $1.375B 2.75% due 2032 (final, incl. over-allotment)
  • Concurrent equity: 10,810,811 Class A shares at $92.50/share (~$1.0B)
  • Proceeds for compute/hardware, land, data center expansion tied to the Microsoft agreement