Celestica Inc

Quantli Newsdesk

· 4 hours ago

Celestica announced a $3 billion public equity offering priced at $310 per share, below its prior closing price of $362.76, to finance manufacturing capacity and working capital for AI and data center infrastructure growth. Management cited unprecedented demand and multiyear visibility in AI compute and high-speed networking. The discounted pricing triggered a sell-off despite the company's confidence in long-term growth.