VNET Group, Inc. (VNET) is trading at $11.56, up 11.16 percent or $1.16 during Friday's trading, potentially driven by yesterday's announcement of a $430 million offering of 2.50 percent convertible senior notes due 2030.
The stock opened at $11.14 and has traded between $11.06 and $11.75 so far, compared to a previous close of $10.40 on the Nasdaq. Trading volume stands at 7.60 million shares, below the average volume of 8.71 million. The stock's 52-week range is $1.42 to $16.13.
The offering is expected to close around March 17.
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