Insiders report that Intel intends to ramp up the scale of its upcoming share issuance to raise approximately $20 billion—a significant one-third increase from the initial target outlined in Monday morning's announcement. The semiconductor giant is poised to set the share price at around $95 per share or higher, reflecting a 6.5% discount relative to Friday's closing price. Sources close to the matter reveal that, should the over-allotment option be exercised, the total issuance size could potentially surge well beyond the $20 billion mark. Moreover, this share offering has already garnered subscription demand exceeding $100 billion, underscoring robust investor interest.
