Intel’s $15 billion share sale reportedly oversubscribed multiple times

Intel just pulled off something that would have sounded like science fiction two years ago: a $15 billion common stock offering that investors couldn’t get enough of. The share sale was reportedly oversubscribed by more than 2,700 times the available shares. The offering, announced on August 10, ranks among the largest equity raises in semiconductor history. Underwriters also secured a 30-day option to purchase an additional $2.25 billion in shares, bringing the potential total north of $17 billion. From turnaround bet to market darling Intel’s stock has surged roughly 400% over the past 12 months. Shares now trade above $100, and the company’s market capitalization exceeds $500 billion. Intel reported Q2 2026 revenue of $16.13 billion, a 25.4% jump compared to the same period a year earlier. Despite the enthusiasm, shares dipped slightly in premarket trading after the offering was announced. When a company issues a massive block of new stock, existing shareholders own a smaller slice of the pie, even if the pie itself is getting bigger. Where the money goes Intel plans to funnel the proceeds into advanced chip fabrication facilities and its expanding contract foundry business. The...