AI infra firm Celestica slides on $3 bln share sale

Celestica

06/08/2026 11:27

** U.S.-listed shares of Canadian data center infrastructure provider Celestica CLS.N down 14.3% to $310.80 premarket after $3 bln follow-on priced
** Celestica late Weds announced ~9.7 mln shares at $310, a 14.5% discount to last sale
** Co expects to use net offering proceeds for working capital, capex, and other general corporate purposes
** BofA and Citigroup joint lead bookrunners, along with TD Securities
** Celestica has ~114.98 mln shares outstanding
** Through Weds, U.S.-listed shares gained 23% YTD
** 18 of 20 analysts rate shares "strong buy" or "buy", 2 "hold"; median PT of $455 implies 25% upside to last close, per LSEG data

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