Intel Increases Stock Offering to $20 Billion, Shareholders React Negatively
Intel Corp. has upsized its stock offering to $20 billion, pricing shares at $95 each. This move, anticipated by the CFO, raised $5 billion more than initially planned. However, the market's reaction has been negative, reflecting shareholder concerns despite the increased capital.
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Intel’s CFO called his shot, but shareholders pay the price
Intel Corp. (INTC) priced an upsized $20 billion stock offering at $95 a share on Tuesday, Aug. 11, raising $5 billion more than the $15 billion plan it announced just one trading day earlier. Wall Street treated this as breaking news. It wasn’t. Intel’s own finance chief told investors this could ...
Intel Increases Size of Stock Offering to Raise $20 Billion
Intel plans to raise $20 billion by way of an underwritten public offering of 210.5 million shares priced at $95 each.