What Is Pulling NBIS Stock Down Today?
Synopsis
The company said it will offer the convertible notes in two series totaling $3.75 billion, with $2 billion in the first and $1.75 billion in the second.
Nebius Group NV (NBIS) shares declined more than 5% in Tuesday’s pre-market trade after the company announced a proposed private offering of $3.75 billion of convertible senior notes.
The company said it will offer the convertible notes in two series totaling $3.75 billion, with $2 billion in the first and $1.75 billion in the second.
Retail sentiment on Stocktwits around Nebius trended in the ‘bullish’ territory with message volumes at ‘extremely high’ levels.
This follows a 15% surge on Monday after Nebius struck a $27 billion deal with Meta Platforms Inc. (META) in a long-term agreement for AI infrastructure buildout.
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