BofA Securities

Headlines · 2

1. 14h
   Oracle begins $20B stock and bond sales for AI data centers

   Oracle began marketing $10 billion of investment-grade bonds alongside a separate $10 billion common-stock offering, according to a filing with the US Securities and Exchange Commission. The bond sale comprises one floating-rate tranche and five fixed-rate tranches. The preliminary filing did not specify interest rates or allocations among the tranches. Oracle said proceeds may be used for general corporate purposes, including capital expenditure, debt repayment, acquisitions, dividends and share buybacks. The financing is intended to support data-center expansion for AI customers.

   The Next Web · 🔥 54
2. Oct 14
   Nvidia-backed AI drug discovery firm Iambic prices IPO at $16 a share

   Iambic Therapeutics announced on Oct. 14 local time that its initial public offering priced at $16 per share for 9.375 million shares, expecting to raise $150 million, with underwriters granted a 30-day option for up to 1.40625 million additional shares, according to 36Kr citing Jiemian. The stock is expected to begin trading on the Nasdaq Global Select Market on Oct. 15 under the ticker "IAM," with the offering expected to close Oct. 16; JPMorgan, Jefferies, BofA Securities and Citigroup are joint book-running managers. Iambic uses AI along with automated chemistry and biology experiments for drug discovery, its candidate IAM1363 has entered clinical trials, and Nvidia previously participated in financing the company.

   36氪快讯 · 🔥 0

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