Wistron Shares Fall After Discounted $1.47 Billion GDR Sale

Wistron Corp., a key contract manufacturer of Nvidia artificial-intelligence servers, is raising capital as the buildout of AI infrastructure drives up demand for components and working capital. The Taiwan-based company plans to use the proceeds for foreign-currency purchases of raw materials, giving it more funding capacity to support orders. The transaction matters to investors because the new stock expands the share base by about 7.29%, weighing potential growth benefits against immediate dilution and pricing pressure.

Wistron priced the GDR sale on Sept. 7 at $58.88 per receipt, with each GDR representing 10 common shares. The offering comprises 25 million receipts, or 250 million new shares, and will raise $1.472 billion; issuance is scheduled for Sept. 10. The implied price of NT$186.24 a share was about 5.5% below Wistron’s Sept. 7 close of NT$197. The shares fell 5.33% on Sept. 8 to finish at NT$186.50, effectively converging toward the offer price.