🔴 Nebius Group is trading 12.29% down today after upsizing convertible-notes offering to $5.0 billion

Nebius Group is trading 12.29% down now at $8.42 after investors reacted to the company’s convertible-debt financing announcement.

• The offering was subsequently upsized from $4.5 billion to $5.0 billion, comprising notes due in 2030 and 2034, to fund data-center and AI-cloud expansion.
• Investors are weighing potential dilution from conversion and share-exchange transactions.
• Broader technology-stock weakness and rising Treasury yields added pressure.