Semiconductor company, Micron Technology, Inc. ( MU - Free Report ), upped the size of its recently-announced public offering deal from 1 billion shares to 1.2 billion shares. These offerings were made after the company registered with the U.S. Securities and Exchange Commission ("SEC"). Subject to customary closing conditions, this underwritten public offering is anticipated to close on Oct 16, 2017. According to its filing with the SEC, the company has agreed to sell around 29.3 million shares of its common stock, worth approximately $1.19 billion. In addition to the public offering, the underwriters have been given a 30-day option to purchase an additional 4.4 million shares. Notably, shares of Micron have moved up 146.9% in the last one year, significantly outperforming the industry's 43.4% rally. Proceeds from the Offering The profits from the stock sale are primarily planned to go toward growth efforts.