Intel Announces Upsize and Pricing of $20 Billion Common Stock Offering
Intel upsized its common stock offering to $20 billion at $95 per share, raising $19.7 billion net for general corporate use, including capital expenditures and working capital.
Intel has priced a registered public offering of 210,526,315 shares of common stock at $95 per share, with an option for underwriters to purchase an additional 31,578,947 shares within 30 days. The offering size was increased from $15 billion to $20 billion, with net proceeds estimated at $19.7 billion after underwriting discounts and expenses. The transaction is expected to close on August 12, 2026, pending customary conditions.
The company intends to use the net proceeds for general corporate purposes, which may include capital expenditures and working capital. The offering is managed by J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, and Citigroup as joint book-running managers, alongside additional book-running and co-managing firms. Intel has filed a registration statement with the SEC for the offering.
Investors are advised to review the prospectus and related documents filed with the SEC for complete information before making investment decisions. Copies of the registration statement and prospectus supplement are available on the SEC’s website or through designated contacts at the underwriting firms. The press release clarifies that it does not constitute an offer to sell or solicit an offer to buy securities in jurisdictions where such actions would be unlawful prior to registration.
Intel designs and manufactures semiconductors, with the offering proceeds intended to support ongoing operations and strategic initiatives. The company also included forward-looking statements in the release, cautioning readers about potential risks and uncertainties that could affect results.