Wistron shares fall after US$1.47 billion depositary receipt sale
The Taiwanese server maker priced 25 million global depositary receipts at a 5.5% discount to its previous close.
Wistron shares fell more than 6% after the Taiwanese server maker priced a US$1.47 billion global depositary receipt offering at a discount to its previous close.
The company said in a stock exchange filing that it priced 25 million receipts at US$58.88 each. Each receipt represents 10 new common shares, making the offering equivalent to 250 million shares.
At about NT$186.24 per underlying share, the issue price was 5.5% below Wistron’s Monday close of NT$197. The newly issued shares represent about 7.29% of the company’s pre-offering share count. Wistron said it does not expect material dilution of shareholder interests.
Settlement is scheduled for Thursday, with proceeds intended for foreign-currency procurement of raw materials. Wistron shares had risen about 23% this year before Tuesday’s decline.
The fundraising comes as Wistron expands its AI-server business. The company opened a US$700 million plant in Fort Worth, Texas, in July to produce Nvidia systems, and has approved additional capital spending for facilities in Taiwan and US subsidiaries.
