Wistron slumps after pricing $1.47B GDR offering
Wistron Corp., a Nvidia supplier, priced a $1.47 billion worldwide depositary receipt offering and shares slid more than 6%. The company plans to sell 25 million GDRs and use proceeds partly for acquisitions.
Wistron Corp. cited top AI demand as one issue, and how to pay for that increase as the other. 47 billion worldwide depositary receipt offering. The corporation is selling 25 million GDRs and plans to use the proceeds partly for the acquisition…