The Canadian electronics manufacturing giant is looking to raise capital amid a massive expansion in data center and AI hardware capabilities. Celestica, the Canadian electronics manufacturing services company that has quietly become one of the biggest beneficiaries of the AI infrastructure buildout, is reportedly pursuing a $3 billion equity offering. For a company whose full-year revenue guidance sits at $20.5 billion, that’s a capital raise worth roughly 15% of its annual top line. Before that, Celestica completed a $714 million equity offering back in 2001. A $3 billion raise at current valuations versus a discounted offering tells very different stories about institutional demand.