AI infra firm Celestica slides after unveiling $3 bln stock offering

Celestica

05/08/2026 22:04

** U.S.-listed shares of Canadian data center infrastructure provider Celestica CLS.TO, CLS.N down 11.8% to $320 post-market after equity raise news
** Co announces $3 bln share offering for working capital, capex, and other general corporate purposes
** BofA and Citigroup joint lead bookrunners, along with TD Securities
** CLS shares closed down 2.3% at $362.76 on Weds, trimming YTD gain to 23%
** With ~114.98 mln shares outstanding, Celestica has roughly $42 bln market cap
     

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))