Nebius Group N.V. (NBIS) Sees Aggregate Gross Proceeds of ~$1.15 billion

Nebius Group N.V. (NASDAQ:NBIS) is one of the Unstoppable Stocks to Buy and Hold for the Next 5 Years. On September 22, the company announced that, in connection with its previously announced underwritten public offering of Class A ordinary shares, the underwriters exercised in full their option to purchase an additional 1,621,621 shares. This has been done at the offering price of $92.50, less underwriting discounts and commissions, resulting in Nebius Group N.V. (NASDAQ:NBIS)’s aggregate gross proceeds of ~$1.15 billion.

Nebius Group N.V. (NBIS) Sees Aggregate Gross Proceeds of ~$1.15 billion

The initial closing occurred on September 15, at which time Nebius Group N.V. (NASDAQ:NBIS) also closed an offering of convertible notes due 2030 and 2032 to qualified institutional buyers. The aggregate proceeds of both offerings are ~$4.3 billion. Elsewhere, Nebius Group N.V. (NASDAQ:NBIS) announced an agreement to deliver AI infrastructure to Microsoft. Notably, the deal economics are attractive in their own right, and the deal will help Nebius Group N.V. (NASDAQ:NBIS) to ramp up the growth of its AI cloud business even further in 2026 and beyond.

While we acknowledge the potential of NBIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NBIS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.