Intel upsizes stock offering to $20 billion on strong demand
+0.19% to $97.71 from $97.52
What moved INTC
- Intel priced an underwritten public offering of 210.5 million shares at $95 apiece, upsizing the deal to $20 billion from a previously announced $15 billion.
- The offering attracted more than $100 billion in investor demand.
- Intel said net proceeds of about $19.7 billion will help finance capital expenditures as it expands its manufacturing footprint.
- The offering is expected to close on August 12, 2026.
Sources: Bloomberg · TradingKey · Yahoo Finance