According to Intel's newsroom announcement, Intel Corporation priced an underwritten public offering of 210,526,315 shares of common stock at a public offering price of $95 per share (E1). Intel stated that the offering was upsized to $20 billion from the previously announced offering size of $15 billion (E2).
Intel said the net proceeds from the offering will be approximately $19.7 billion, assuming the underwriters do not exercise their option to purchase additional shares, after deducting underwriting discounts and commissions and estimated offering expenses payable by Intel (E5). According to the announcement, Intel intends to use the net proceeds for general corporate purposes, which may include, but are not limited to, capital expenditures and working capital (E6).
Intel named J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and Citigroup as joint book-running managers of the offering (E7). Intel also disclosed that it has granted the underwriters a 30-day option to purchase up to 31,578,947 additional shares of common stock at the public offering price, less underwriting discounts (E3).
According to Intel's newsroom statement, Intel has filed a registration statement on Form S-3, including a prospectus, with the Securities and Exchange Commission for the offering (E8).
Intel stated that the offering is expected to close on August 12, 2026, subject to customary closing conditions (E4).
| Item | Value | Evidence |
|---|---|---|
| Shares priced | 210,526,315 | E1 |
| Price per share | $95 | E1 |
| Original offering size | $15 billion | E2 |
| Upsized offering size | $20 billion | E2 |
| Underwriters' 30-day option | up to 31,578,947 additional shares | E3 |
| Estimated net proceeds (before option exercise) | ~$19.7 billion | E5 |
| Expected closing date | August 12, 2026 | E4 |
The figures Intel disclosed line up into a single timeline dated August 12, 2026: the same day Intel priced the 210,526,315-share offering at $95 per share, upsized it from $15 billion to $20 billion, and set the expected closing date (E1, E2, E4). The $19.7 billion net-proceeds estimate (E5) sits below the $20 billion headline offering size, consistent with Intel's own disclosure that underwriting discounts, commissions and offering expenses are deducted before the option to purchase 31,578,947 additional shares is factored in (E3, E5). Intel tied the proceeds to general corporate purposes, including capital expenditures and working capital (E6), while the transaction structure — four joint book-running managers and a Form S-3 registration statement — was disclosed without further elaboration (E7, E8).
According to Intel's announcement, J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and Citigroup are acting as joint book-running managers of the offering.
Intel stated it has filed a registration statement on Form S-3, including a prospectus, with the Securities and Exchange Commission.
Intel said it intends to use the net proceeds for general corporate purposes, which may include capital expenditures and working capital.
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