Business · 2 hours ago
Wistron shares fall 6% after $1.47 billion stock sale for raw materials
Taiwan's Wistron, a supplier to Nvidia, saw its shares drop more than 6% on Tuesday following the announcement of a large global stock sale. The company sold 25 million global depositary receipts, each for $58.88, which corresponded to approximately 250 million new common shares. Wistron expects the offering to be issued on Thursday, using the proceeds to buy raw materials in foreign currencies.
Reported by CNBC · How we write briefs