Intel Corporation entered into an underwriting agreement for a public offering of common stock, pricing 210,526,315 shares at $95.00 per share. The offering was upsized from an initially announced $15 billion to approximately $20 billion in gross proceeds. Additionally, the underwriters fully exercised their option to purchase more shares, bringing the total gross proceeds to approximately $23 billion. The company intends to use the net proceeds for general corporate purposes, including capital expenditures and working capital.
Key Details
- Offering Size: 210,526,315 shares of common stock priced at $95.00 per share, generating gross proceeds of approximately $20 billion.
- Underwriter's Option: On August 11, 2026, underwriters fully exercised their 30-day option to purchase an additional 31,578,947 shares of common stock at the same price.
- Total Gross Proceeds: The combined offering, including the exercised option, consists of 242,105,262 shares, raising total gross proceeds of approximately $23 billion.
- Lead Managers: The offering is managed by representatives from J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, and Citigroup.