Supermicro plans to raise $7 billion through equity financing to procure the components needed to fulfill customer orders for AI servers. According to a press release issued on Tuesday, this financing includes an underwritten offering of $5 billion, comprising approximately $1.25 billion in common stock and about $3.75 billion in depositary shares. Additionally, there is a market-price offering of common stock not exceeding $2 billion. Supermicro plans to begin selling shares directly on the open market no earlier than the third quarter. Following the announcement, Supermicro's after-hours trading plummeted by over 10%.
