(Bloomberg) — Super Micro Computer Inc. pushed back the expected pricing of the sale of 2 million shares to after the market closes in New York, according to people familiar with the matter.
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Goldman Sachs Group Inc., the sole underwriter of the share sale, has communicated the updated timetable to potential investors that the pricing of the deal, the people said. The pricing was set to occur before Super Micro’s shares began trading on Wednesday, the people said.
The company was offering to sell 2 million shares at $900 to $1000.68 each, in a public offering that could raise as much as $2 billion, Bloomberg News has reported. The sale is now considered a so-called marketed deal, and depending on investor demand, shares may potentially price outside the earlier proposed range, the people said.
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