Tech
Applied Optoelectronics Raises $588 Million in Its Third At-the-Market Offering of the Year
The AI-datacenter optics supplier sold 5.69 million shares at an average $105.36 and will direct the proceeds toward manufacturing expansion, debt and working capital.
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By Tomás Videla
Oct 5, 2026 · 2 min read
Applied Optoelectronics said Monday it had completed a $600 million at-the-market equity program, selling 5,694,845 shares at an average price of $105.36 and raising roughly $588 million net of commissions and fees.
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Tomás Videla
Tomás writes about growth-stage companies, compensation and the private markets that fund them.
Tomás writes about growth-stage companies, compensation and the private markets that fund them.