Super Micro to Delay 2 Million Share Sale to After Close
- Potential deal was set to price Tuesday before trading began
- Pricing at target may raise as much as $1.75 billion
The Super Micro Computer headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Super Micro Computer Inc. is guiding potential investors in a sale of 2 million shares to a price of $875 each, below an earlier marketed range, according to people familiar with the matter.
Goldman Sachs Group Inc., the sole underwriter of the share sale, is informally communicating the price after having earlier delayed the sale’s timing, the people said. The pricing was set to occur before Super Micro’s shares began trading on Wednesday, the people said.