Next DC announces $1b+ Raise

The offer, priced at at 15.40 per share, aims to support NEXTDC's growth in data centre services, with the proceeds also allocated towards expanding built capacity in specific Sydney and Melbourne sites and potential land acquisitions in the Asia-Pacific region.

Network

NEXTDC Limited announces a fully underwritten A $1,321 million capital raising through a 1 for 6 pro-rata accelerated non-renounceable entitlement offer of new shares to fund the accelerated development and fit-out of its digital infrastructure in Sydney and Melbourne due to unprecedented customer demand.

The offer, priced at at 15.40 per share, aims to support NEXTDC's growth in data centre services, with the proceeds also allocated towards expanding built capacity in specific Sydney and Melbourne sites and potential land acquisitions in the Asia-Pacific region.

ASX Code: NXT