---
title: "BUZZ-Super Micro Computer dips after pricing of convertible notes"
description: "Shares of Super Micro Computerdropped 6.2% premarket after pricing convertible notes. The server component maker announced a private offering of $1.5 billion 5-yr convertible bonds to fund growth and "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/108513700.md"
published_at: "2024-02-23T11:45:34.000Z"
---

# BUZZ-Super Micro Computer dips after pricing of convertible notes

> Shares of Super Micro Computerdropped 6.2% premarket after pricing convertible notes. The server component maker announced a private offering of $1.5 billion 5-yr convertible bonds to fund growth and expansion. SMCI's initial conversion price represents a 37.5% premium to the stock's close on Thursday. The company has surged 243% in 2024, benefiting from the AI boom. SMCI's valuation stands at $54.6 billion as of Thursday's close.

\*\* Shares of Super Micro Computer (SMCI.O) drop 6.2% to $915.3 premarket as the server component maker prices convertible notes

\*\* SMCI announced on Wed private offering of $1.5 bln 5-yr convertible bonds to fund growth and business expansion

\*\* Initial conversion price of $1,341.38 represents a 37.5% premium to the stock’s close on Thursday

\*\* SMCI has surged ~243% in 2024, hitting all-time highs as it benefited from a boom in AI; SMCI surged ~33% on Thursday following forecast-beating results from AI poster child Nvidia (NVDA.O)

\*\* Co was valued at $54.6 bln as of Thursday’s close

### Related Stocks

- [SGHC.US - Super Group SGHC](https://longbridge.com/en/quote/SGHC.US.md)
- [SMCI.US - Super Micro Computer](https://longbridge.com/en/quote/SMCI.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.