Is Nebius Group (NBIS) A Bargain After Its Upsized Convertible Bond Offering?

Nebius Group (NasdaqGS:NBIS) is back in focus after confirming an upsized US$5b convertible bond offering and related debt for equity exchanges, a financing move that has coincided with a sharp share price reaction. See our latest analysis for Nebius Group. The sharp pullback in Nebius Group’s share price over the past week, with a 7 day share price return of down 13.70%, has come after the upsized US$5b convertible bond and equity swap. This is even though the year to date share price return...