Wistron stock falls more than 6% after $1.47 billion depositary receipt offering

  • Wistron priced a $1.47 billion global depositary receipt offering to fund raw-material purchases.
  • 25 million receipts were priced at $58.88 each, representing 250 million new shares.
  • Wistron opened its $700 million Fort Worth plant on July 21 to produce Nvidia AI systems.

Wistron shares fell more than 6% on Tuesday after the Taiwanese electronics manufacturer priced a $1.47 billion global depositary receipt offering to fund foreign-currency purchases of raw materials for its expanding AI server operations. The company priced 25 million receipts at $58.88 each, with each representing 10 new common shares, or 250 million shares in total. The implied price of about NT$186.24 per underlying share was 5.5% below Monday’s NT$197 close, while the new shares equal about 7.29% of Wistron’s pre-offering stock. Pricing was completed on September 7 and settlement is expected on Thursday. Wistron’s shares remain up about 23% this year. The offering follows the July 21 opening of the company’s $700 million D1 plant in Fort Worth, Texas, which produces Nvidia’s GB300 Grace Blackwell Ultra systems and is expected to eventually make the Vera Rubin platform. Wistron also approved NT$10.5 billion in Taiwan capital spending and $53 million in U.S. investments as it expands AI server production.

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