Nvidia Supplier Wistron Slides 6% After Pricing $1.5B Stock Offering
9 Articles
9 Articles
Taiwan's Wistron raises $1.5 billion in global share sale to fund raw material purchases
Nvidia supplier Wistron is raising $1.47 billion through a global share sale as surging AI spending drives demand for servers and components. The Taiwanese company will use the proceeds to buy raw materials in foreign currencies. Wistron is also expanding production, including a $700 million AI systems plant in Texas.
Wistron Raises $1.47B to Expand Nvidia AI Systems Production
Wistron has priced a global offering of 25 million global depositary receipts (GDRs) at $58.88 each, raising about $1.47 billion for foreign-currency raw-material purchases. The Taiwan-based manufacturer completed the pricing on September 7, according to Reuters via Boursorama , providing working...
Taiwanese giant technology is capturing resources for raw materials purchase; company expands AI server business and opened factory in Texas this year. Wistron Corporation, supplier of NVIDIA and one of Taiwan's largest technology manufacturers, saw its shares fall more than 6% this Tuesday (8) after announcing a global offer [...]
Nvidia supplier Wistron is spending big on AI: why is the stock falling?
Wistron’s AI server business is booming, but investors are being reminded that rapid growth comes with a price. The Nvidia supplier is raising about $1.47 billion through a global share sale, issuing 25 million global depositary receipts representing 250 million new ordinary shares. The deal was priced at $58.88 per receipt, equivalent to about NT$186.24 per share and a 5.5% discount to Wistron’s September 7 close. That will dilute existing shar…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
