Celestica Announces Pricing of Equity Offering
Celestica raises $3 billion via equity offering to fund data center capex for AI and cloud infrastructure. Signals industry-wide acceleration in infrastructure investment as competition for AI compute capacity intensifies.
Celestica priced 9.7M shares at $310 to raise $3B for cloud infrastructure capex. The data center supply chain player posted strong Q2 (beat EPS/revenue), with analyst consensus Buy and $440 target; offering signals capacity expansion amid AI/cloud demand.
Celestica pursues a $3 billion equity offering amid surging AI infrastructure demand, with revenue guidance at $20.5B and 65% year-over-year
Celestica pursues $3B equity raise with 65% YoY revenue growth to $20.5B, riding AI data center demand surge. Signal for tech leaders: supply constraints on high-bandwidth networking gear tightening; success depends on sustained cloud provider capex cycles.
Celestica shares declined after pricing a $3 billion equity offering, with proceeds earmarked for working capital, capital expenditures, and general corporate purposes.
Celestica Completes Equity Offering