The company expects to raise $979.5 million from the equity offering, or about $1.127 billion, if the underwriters fully exercise their option to purchase additional shares.
A Stocktwits poll, which collected responses from over 7,000 platform users, showed that 31% of the respondents opted to buy the stock following the announcement.
Nebius CEO Arkady Volozh stated that the Microsoft deal is the first of the significant, long-term, committed contracts the company expects to secure with leading AI labs and major tech companies.