AI infrastructure company raises R $ 16.2 billion to boost growth

by Andrea
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London (Reuters)-Nebius Group said on Wednesday it seeks to capture $ 3 billion to boost the growth of its main artificial intelligence cloud business, in the wake of its $ 17.4 billion agreement with Microsoft.

The financing includes a private offer of US $ 2 billion in convertible senior notes and a subscribed public offer of US $ 1 billion (R $ 5.4 billion) in class A shares of the company.

Goldman Sachs is the main manager of the offer, along with Morgan Stanley, Bofa Securities and Citigroup as additional managers.

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Nebius said it will use resources to finance continuous growth, including the acquisition of additional computational power and hardware, ensuring land with reliable suppliers and expanding the presence of its data centers.

On Monday, Nebius, headquartered in Amsterdam, announced that it would provide Microsoft GPU infrastructure capacity for a period of five years. Microsoft can also acquire additional services capacity under the agreement, raising the total amount of the contract to about US $ 19.4 billion (R $ 104 billion).

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On Tuesday, Nebius shares listed at Nasdaq rose more than 49%, reaching a record, driven by the agreement with Microsoft. They rose 245% so far this year.

Nebius arose from an agreement to share the assets of the Russian technology company Yandex.

(Report by Lucy Raitano)

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