Nebius Announces Plans For $3 Billion Fundraise Following Microsoft Deal

Nebius plans to raise $2 billion via convertible notes and $1 billion through equity shares, the company said in an SEC filing.

Nebius Group NV (NBIS) on Wednesday announced plans to raise up to $3 billion to fund its expansion plans following a deal with Microsoft Corp. (MSFT) to provide the Windows maker with artificial intelligence infrastructure.

Nebius plans to raise $2 billion via convertible notes and $1 billion through equity shares, the company said in a filing with the U.S. Securities and Exchange Commission (SEC).

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