Latham & Watkins Advises on Nebius’ US$700 Million Strategic Equity Financing

Nebius Group N.V. (NASDAQ:NBIS), a leading AI infrastructure company headquartered in Amsterdam, has announced that it has entered into definitive agreements for a US$700 million private placement financing from a select group of institutional and accredited investors, including participation from Accel, NVIDIA, and certain accounts managed by Orbis Investments. The financing supports Nebius’ previously announced plans to further build out its full-stack AI infrastructure — including large-scale GPU clusters, cloud platforms and tools, and services for developers — for AI pioneers globally.

Latham & Watkins LLP represented the placement agent in the financing with a capital markets team led by London partners David Stewart and Jenna Gascoyne, with associates Sarah Youssefi and Rebecca Reeve.