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Nvidia supplier Wistron's shares drop after it announces $1.5 billion global stock sale
Shares of Taiwan's Wistron Corporation fell more than 6% Tuesday after the Nvidia supplier priced a $1.47 billion global depositary receipt offering to fund raw material purchases.
AI Summary
Shares of Taiwan’s Wistron Corporation fell more than 6% on Tuesday after the Nvidia supplier announced a $1.47 billion global depositary receipt offering. The company priced 25 million receipts at $58.88 each, creating 250 million new common shares, according to a filing. The proceeds are intended to fund raw‑material purchases.
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