Nebius Group is trading 5.3% down now at $8.04 as investors continue digesting the company’s upsized $5.75 billion convertible senior-notes offering, which closed on August 24, 2026. - The financing exceeded the initially proposed $4.5 billion and the previously announced $5 billion. - Investors are concerned about future equity dilution and increased debt from the larger offering. - The broader market is firm, making company-specific financing pressure the clearest explanation for the decline.