DLA Piper advises Supermicro in Public Offering of Common Stock

DLA Piper advised Super Micro Computer, Inc. (Supermicro), a global leader in IT solutions and green computing, in its public offering of 2,000,000 shares of common stock at a public offering price of US$875.00 per share, for gross proceeds of approximately US$1.75 billion.

Supermicro has also granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, less underwriting discounts and commissions.

Supermicro intends to use the proceeds from the offering to support its operations, including for purchase of inventory and other working capital needs, manufacturing capacity expansion and increased R&D investments.

“We were pleased to work with Supermicro as it continues its growth in a dynamic market environment, bringing together our extensive institutional knowledge and capabilities on this major public offering,” said Alan Seem, the DLA Piper partner who led the deal team.

This follows DLA Piper’s representation of Supermicro in both its issuance of US$1.725 billion in 0.0% convertible notes in February 2024 and the US$632 million underwritten public offering in December 2023 of 2,415,805 shares of its common stock.

Along with Seem (Palo Alto), the DLA Piper team that advised Supermicro included partner Brad Rock (San Francisco); and associates Tiffany Sakamoto, Wei Li, Gina Cassar and Katie Nguyen (all in Palo Alto).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.