(Adds details of capital raising, background)
Australian data centre operator NEXTDC (NXT) on Thursday launched a A$1.32 billion ($859.45 million) capital raising, one of the largest of its kind in the region so far this year, as the company looks to build out its data storage capabilities.
The deal is being carried out through a fully underwritten one for six pro-rata accelerated non-renounceable entitlement offer, according to a regulatory filing.
The new shares will be priced at $A15.40 per share, which is a 6.8% discount to NEXTDC's theoretical ex-rights price of A$16.52.
Capital raisings of more than A$1 billion have been rare in Australia and across most of Asia as financial markets remain volatile due to global interest rate uncertainty and ongoing geopolitical tensions.
Morgan Stanley MS.N and Royal Bank of Canada RY.TO are leading the capital raising. ($1 = 1.5359 Australian dollars)
News: NXT UPDATE 1-Australia's NEXTDC to raise $859.5 mln to fund development of digital platform
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Last
$13.96 |
Change
0.060(0.43%) |
Mkt cap ! $8.940B | |||
| Open | High | Low | Value | Volume |
| $13.97 | $14.03 | $13.82 | $25.49M | 1.829M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1993 | $13.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.97 | 7433 | 1 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| NXT (ASX) Chart |