FILE PHOTO: Logos of Super Micro Computer are pictured at COMPUTEX Taipei, one of the world's largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. REUTERS/Ann Wang/File Photo
(Reuters) - Super Micro Computer's shares fell 5% on Wednesday after the AI server maker announced the pricing of its public stock offering, selling the shares at a discount to their most recent closing price.
The slide marks the fifth consecutive session of decline for the stock, erasing about 28% from the company's market capitalization over the period and lowering its share price to $862.
