WhiteFiber IPO Oversubscribed as Underwriters Fully Exercise Over-Allotment Option
TL;DR
WhiteFiber's IPO oversubscription signals strong investor confidence, providing capital advantage for expanding AI infrastructure services in a competitive market.
Underwriters exercised an option to purchase 1,406,250 additional shares at $17.00 each, increasing total IPO proceeds to approximately $183.3 million.
WhiteFiber's AI infrastructure expansion will accelerate technological innovation, potentially improving efficiency and capabilities across various industries and services.
WhiteFiber began Nasdaq trading on August 7, 2025, as an AI infrastructure provider with vertically integrated data centers for generative AI workloads.
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The underwriters of WhiteFiber, Inc.'s initial public offering have fully exercised their over-allotment option, purchasing an additional 1,406,250 ordinary shares at $17.00 per share. This move generated approximately $23.9 million in additional gross proceeds for the artificial intelligence infrastructure company. The exercise increased the total number of shares sold in the IPO to 10,781,250, bringing aggregate gross proceeds to approximately $183.3 million.
WhiteFiber's shares began trading on the Nasdaq Capital Market on August 7, 2025, under the ticker symbol WYFI. The successful offering was managed by a consortium of financial institutions, with B. Riley Securities and Needham & Company serving as joint book-running managers. Macquarie Capital acted as book-runner, while Roth Capital Partners served as lead manager, and Craig-Hallum and Clear Street participated as co-managers.
The full exercise of the over-allotment option represents a significant vote of confidence from the underwriting syndicate and indicates strong investor demand for WhiteFiber's business model. This additional capital infusion provides the company with enhanced financial flexibility to execute its growth strategy in the competitive AI infrastructure market. For more information about the company's offerings, visit https://www.whitefiber.com.
WhiteFiber operates as a provider of artificial intelligence infrastructure solutions, owning high-performance computing data centers and providing cloud services to customers. The company's vertically integrated model combines specialized colocation, hosting, and cloud services engineered specifically to maximize performance, efficiency, and margin for generative AI workloads. This comprehensive approach positions WhiteFiber to capitalize on the rapidly expanding demand for AI computing resources across multiple industries.
The successful IPO and over-allotment exercise come at a time when AI infrastructure represents one of the fastest-growing segments in the technology sector. The additional $23.9 million in proceeds strengthens WhiteFiber's balance sheet and provides capital for potential expansion of its data center footprint, technology upgrades, and strategic initiatives. The strong market reception suggests investors recognize the long-term growth potential in AI infrastructure as businesses increasingly adopt generative AI technologies.
The full details of the offering and the over-allotment exercise can be found in the official press release available at https://ibn.fm/uDrFn. The successful completion of this offering establishes WhiteFiber as a publicly-traded company with substantial resources to compete in the high-growth AI infrastructure market, potentially accelerating the development and deployment of AI technologies across various sectors.
Curated from InvestorBrandNetwork (IBN)
