Intel is close to upsizing a planned share offering to raise about $20 billion, according to people familiar with the matter. Multiple reports say the increase would bring the amount to roughly one-third more than Intel’s original target announced earlier in the week.
The outlets also report that the company is preparing to price the offering at around $95 per share or above. Bloomberg and the other cited outlets describe this as a potential premium to the initial terms, but they do not provide full details on the final pricing, size, or timing. The reporting focuses on the company’s effort to adjust the transaction magnitude and per-share level as preparations near completion.
Overall, the sources agree on the direction and scale of the change—an upsized raise of about $20 billion—and on the broad pricing range being discussed, without indicating whether the final deal will match those figures.
