Latham & Watkins Advises on Supermicro’s US$1.75 Billion Common Stock Offering

On March 22, 2024, Super Micro Computer, Inc. (Nasdaq: SMCI) closed its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of US$875 per share. The gross proceeds to Supermicro were US$1.75 billion before deducting underwriting discounts, commissions, and estimated offering expenses. The Company currently intends to use the proceeds from the offering to support its operations, including for purchase of inventory and other working capital needs, manufacturing capacity expansion, and increased R&D investments.

Latham & Watkins LLP represented the underwriter in the offering with a capital markets team led by New York/Los Angeles partners Greg Rodgers and Brittany Ruiz and New York partner Andrew Blumenthal, with associates Sandy Kugbei, Catherine Shaw, Will Coughlin, and Steve Hess. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Claire Park;* on intellectual property matters by New York partner Jessica Cohen, with associate Dewey Kang; on data privacy matters by Bay Area partner Heather Deixler, with associate Mitch Bennett;** on environmental matters by Los Angeles partner Aron Potash, with associate Cody Kermanian; and on sanctions matters by Washington, D.C. partner Les Carnegie, with associate Eric Green.

*Admitted to practice in Massachusetts only.
**Admitted to practice in New South Wales (Australia) only