Wistron outlined a 25 million GDR offering that corresponds to 250 million newly issued common shares. Each receipt was set at $58.88, translating to about NT$186.24 per underlying share, which is roughly 5.5% below the prior session's NT$197 close. The package comes to roughly $1.47 billion and represents about 7.29% of outstanding shares before the issue. The company said the issuance is expected to take place on Thursday.
The expected proceeds are earmarked for buying raw materials in foreign currencies. That spending dovetails with Wistron's push deeper into AI servers, where it has been greenlighting more capacity in key markets.
Over the last month, the board approved an additional NT$10.5 billion for Taiwan facilities and authorized $53 million in total for two U.S. subsidiaries to back upcoming AI initiatives. July marked the launch of Wistron's inaugural U.S. factory - an AI server facility in Fort Worth, Texas - costing $700 million. At present, output from the facility is focused on Nvidia's GB300 Grace Blackwell Ultra systems; next on the roadmap is a move into the next-generation Vera Rubin platform.
In the second quarter, revenue totaled NT$895.4 billion and after-tax profit reached NT$14.8 billion. Even after Tuesday's slide, the stock is still up about 23% for the year.
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If the deal goes live as planned, Wistron will add a block of new shares equal to about 7.29% of its prior count and bring in fresh funding to lock in supply while it scales AI server production. That is a mix of dilution and growth fuel, and traders will weigh which side of the scale feels heavier in the near term. Longer term, the Fort Worth ramp and new capex signal where management thinks demand is headed, which matters if you track how AI hardware plays ripple through supply chains.
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