TORONTO, August 6, 2026, 07:02 EDT
- Celestica sold 9.68 million shares at $310 apiece, generating $3 billion. The share price is 14.5% lower than Wednesday’s closing price.
- The shares were at $311 at 06:55 EDT, falling 14.3% in premarket trading.
- An initial weighted-share estimate indicates a 3.3% to 3.7% reduction to 2026 adjusted EPS, prior to factoring in any gains from the fresh capital.
Shares of Celestica dropped nearly to the offering price ahead of Thursday’s market open. The AI infrastructure vendor set the stock sale price at $310, down from Wednesday’s closing level of $362.76.
The financing totals five times the 2026 free cash flow forecast provided by Celestica. The move will lift the…
