Intel to Sell $15 Billion in Shares Amid Turnaround Rally

1. 1Intel (INTC) announced on Monday plans to raise funds through a $15 billion share sale
2. 2Intel will grant the joint lead managers—JPMorgan, Goldman Sachs, Morgan Stanley, and Citi—a 30-day option to purchase up to an additional $2.25 billion
3. 3The offering aims to fund foundry expansion by capitalizing on the stock's turnaround-driven surge, but concerns over dilution sent premarket shares down more than 3%

Source Reuters +2 · View original ↗

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