BRIEF-Nebius Announces Oversubscribed Strategic Equity Financing of USD 700 Million to Accelerate Roll-out of Full-stack AI Infrastructure

Reuters

2024/12/02

Dec 2 (Reuters) - Nebius Group NV NBIS.O:

NEBIUS ANNOUNCES OVERSUBSCRIBED STRATEGIC EQUITY FINANCING OF USD 700 MILLION TO ACCELERATE ROLL-OUT OF FULL-STACK AI INFRASTRUCTURE
NEBIUS GROUP NV -EXPECTS TO DELIVER ANNUALIZED RUN-RATE REVENUE BY YEAR-END 2025 OF USD 750 MILLION TO USD 1.0 BILLION
NEBIUS GROUP NV -DETERMINED THAT POTENTIAL REPURCHASE BY COMPANY OF ITS CLASS A SHARES IS NO LONGER WARRANTED

Source text: ID:nBw5d7Zyta

Further company coverage: NBIS.O

((Reuters.Briefs@thomsonreuters.com;))

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