BUZZ-AI infra firm Celestica slides after unveiling $3 bln stock offering
CLS•Market capitalization
With about 114.98 million shares outstanding, Celestica has a market capitalization of roughly $42 billion.
Bookrunners and recent stock performance
BofA and Citigroup are joint lead bookrunners, along with TD Securities.
CLS shares closed down 2.3% at $362.76 on Wednesday, trimming the year-to-date gain to 23%.
Shares fall after $3 billion equity offering
U.S.-listed shares of Canadian data center infrastructure provider Celestica $CLS.TO, $CLS.N were down 11.8% to $320 post-market after the company announced an equity raise.
The company said it will sell $3 billion of shares for working capital, capex, and other general corporate purposes.
