Nebius Group completes $4.16 billion in equity and debt offerings

Nebius Group N.V. (NASDAQ: NBIS) announced the completion of two financing offerings totaling approximately $4.16 billion.

The AI infrastructure company closed an underwritten public offering of 10,810,811 Class A ordinary shares at $92.50 per share, generating approximately $1 billion in gross proceeds. Underwriters have a 30-day option beginning September 10, 2025, to purchase up to 1,621,621 additional Class A shares at the same price.

The company also completed a private offering of convertible senior notes to qualified institutional buyers. The offering consists of two series: 1.00% convertible notes due 2030 and 2.75% convertible notes due 2032. Initial purchasers exercised their option to purchase additional notes, resulting in approximately $1.58 billion in aggregate principal amount for each series, totaling approximately $3.16 billion.

Nebius Group stated it expects to finance capital expenditures related to its agreement with Microsoft through cash flows from that arrangement and debt secured against the contract and related infrastructure. The company plans to use proceeds from future financing, along with proceeds from the completed offerings, to finance business growth including additional compute power and hardware acquisition, securing land plots, expanding its data center footprint, and general corporate purposes.

The information is based on a company press release statement.

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