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Celestica Joins Data Center Funding Rush With $3 Billion Deal

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Celestica’s $3 Billion Deal Joins Data Center Funding Rush Celestica Inc. is looking to raise $3 billion from selling new shares, joining a flurry of companies raising funds for data centers to power the artificial intelligence buildout. The company is offering shares between $310 and $330 a piece in an offering of common shares, according to people familiar with the matter. The pricing represents a discount of as much as 15% to the closing price of $362.76 on Wednesday in New York.

Celestica’s $3 Billion Deal Joins Data Center Funding Rush Celestica Inc. is looking to raise $3 billion from selling new shares, joining a flurry of companies raising funds for data centers to power the artificial intelligence buildout. The company is offering shares between $310 and $330 a piece in an offering of common shares, according to people familiar with the matter. The pricing represents a discount of as much as 15% to the closing price of $362.76 on Wednesday in New York.
Celestica Joins Data Center Funding Rush With (ORG) New York (LOCATION)
Originally published by Bloomberg Markets Read original →