Nebius will issue 33.3 million additional shares at a price of 21 US dollars per share to raise 0.7 billion US dollars. Investors such as Nvidia and Accel Partners LP participated in this financing.
The Zhitong Finance App learned that according to Monday's statement, Nebius (NBIS.US) will target additional 33.3 million shares at a price of 21 US dollars per share to raise 0.7 billion US dollars. Investors such as NVDA.US (NVDA.US) and Accel Partners LP participated in this financing. Boosted by this news, as of press release, Nebius stocks surged more than 15% before the market on Monday.
After streamlining some of its business, Nebius focused on providing cloud computing services for artificial intelligence and competed with companies such as CoreWeave and larger cloud operators. Large amounts of capital are flowing from large enterprises and financial investors to technologies that support artificial intelligence. CoreWeave is also supported by Nvidia, and the company is planning to go public with a valuation of 23 billion dollars.
Nebius CEO Arkady Volozh said the financing will support the expansion of the company's “GPU cluster.” Arkady Volozh added that he hopes the company can get the highly anticipated Nvidia Blackwell chip as soon as possible, but the investment from Nvidia does not guarantee this. “This deal has nothing to do with GPUs,” “but of course it shows our close relationship, and we hope this will have an impact.” He also said that Nebius is expected to carry out another “probably larger” round of financing in 2025.