Celestica launches a $3B AI infrastructure offering

Celestica launched a $3 billion equity offering to fund working capital and capital investment behind high-performance AI compute and data-center Ethernet networking. The company’s offering announcement also gives underwriters a 30-day option for up to 15% more shares and calls current customer demand unprecedented. Operators watching Amazon’s $220 billion capacity buildout should file the raise as another supplier-side capacity signal, while remembering that the offering still faces customary closing conditions and customer forecasts can move.