Supermicro delays pricing of 2M share offering, Bloomberg reports

Supermicro pushed back the expected pricing of the sale of 2M shares to after the market closes, Amy Or of Bloomberg reports, citing people familiar with the matter. Goldman Sachs, the sole underwriter of the offering, communicated the updated timetable to potential investors, sources told Bloomberg. The pricing was set to occur before the shares began trading on Wednesday, the people said. The company was offering to sell 2M shares at $900 to $1000.68 per share. but sale is now considered a so-called marketed deal, and depending on investor demand, may potentially price outside the earlier proposed range, the sources added..