Intel explains $20B secondary share sale priced at $95
Intel offered 210.5 million shares at $95 each on Aug. 12, 2026, raising about $20 billion, up from a previously announced $15 billion. The company favored equity over additional debt as its stock traded near historically high levels, avoiding higher leverage. The move contrasts with its long buyback program and can dilute earnings per share despite prior share count reductions since 1990.