1237 ET - Super Micro Computer's plans to raise $7 billion with new equity offerings have investors spooked about potential dilution. Shares dropped 18% to $33.37, giving back a big chunk of the gains it had racked up since the start of the year. The company is valued by the market roughly $20 billion. Issuing $1.25 billion in common stock through an underwritten public offering, another $2 billion in an at-the-market offering and $3.75 billion in convertible preferred stock interests could widen the pool of shares. The news also comes during a wider selloff in the tech sector. (dean.seal@wsj.com)
(END) Dow Jones Newswires
June 10, 2026 12:37 ET (16:37 GMT)
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