Nvidia Supplier Wistron's Shares Drop After It Announces $1.5 Billion Global Stock Sale
6 Articles
6 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.
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…
Nvidia Supplier Wistron Seeks Up to $1.48bn from Investors as AI Server Demand Surges
Taiwanese electronics manufacturer Wistron Corp, a key supplier to Nvidia, is seeking to raise as much as $1.48 billion from international investors as it expands production to meet surging demand for artificial intelligence servers and related hardware. Wistron launched an offering of 25 million global depositary shares (GDS), each representing 10 of the company’s common […]
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