Akamai prices $3B convertible notes offering, upsized from $2.6B

Akamai Technologies priced $1.5B of 0% convertible senior notes due 2030 and $1.5B due 2032, with a $500M greenshoe option. The offering was upsized from the originally announced $2.6B and provides capital flexibility while allowing conversion at a 42.5% premium to current stock price.