Intel Said Seeking to Boost Share Sale to About $20 Billion

MT Newswires Live08-11 07:35

Sources said Intel is seeking to increase a planned share sale to roughly $20 billion from an earlier $15 billion target, aiming to price around $95 a share or higher.

People familiar said the size could exceed $20 billion if the overallotment option is exercised and that investor demand has topped $100 billion. Negotiations on size and pricing are ongoing and remain subject to change.

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Comments

  • Kent Yeo
    08-11 07:39
    Kent Yeo
    Intel from where
  • IWANNA
    08-11 07:38
    IWANNA
    Bottomless pit
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