AI infrastructure company Nebius to raise $3 billion to fuel growth

FILE PHOTO: The logo of Nebius during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo

LONDON (Reuters) - Nebius Group said on Wednesday it would raise $3 billion to fuel growth in its core artificial intelligence cloud business, on the heels of its $17.4-billion deal with Microsoft.

The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company's class A shares.