Nebius Group Completes Class A Shares Offering and Convertible Notes Sale

Amsterdam's Nebius Group N.V., listed on NASDAQ, has closed its public offering of Class A ordinary shares and a concurrent private offering of convertible senior notes, raising approximately $4.2 billion. The offering included 10.8 million Class A shares at $92.50 each, and the underwriters have a 30-day option for additional purchases. Goldman Sachs took the lead, with Morgan Stanley, BofA Securities, and Citigroup joining as managers.

The company issued 1.00% convertible notes due 2030 and 2.75% notes due 2032, totaling around $3.16 billion. Proceeds will fund AI infrastructure for Microsoft, expand data centers, and cover general corporate purposes. This strategic move supports Nebius' growth in providing AI infrastructure.