NextDC Limited (ASX:NXT) has successfully completed an institutional placement, raising approximately A$550 million through the issue of approximately 32.1 million new shares at A$17.15 per share. The placement was strongly supported by both existing shareholders and new investors. Settlement of the new placement shares is expected to occur on 13 September 2024, with allotment and normal trading occurring on 16 September 2024.
The strong support for this Placement highlights continued investor confidence in NEXTDC's growth strategy and long-term vision. As AI continues to drive unprecedented demand for accelerated computing, the need for scalable, high-performance digital infrastructure has never been more vital. This successful Placement ensures that NEXTDC is well-positioned to meet the growing needs of the cloud and AI ecosystems, while seizing new opportunities in a rapidly evolving market. Our focus remains on maintaining the agility and innovation required to power the next generation of AI-driven technologies that help enterprises harness the digital age.
NextDC (ASX:NXT) has completed an institutional placement, raising approximately A$550 million to support its growth strategy and long-term vision. The strong support from both existing shareholders and new investors reflects continued investor confidence in NEXTDC. The placement ensures NEXTDC is well-positioned to meet the growing needs of the cloud and AI ecosystems, while seizing new opportunities in a rapidly evolving market. Settlement of the new placement shares is expected to occur on 13 September 2024, with allotment and normal trading occurring on 16 September 2024. Additionally, NEXTDC is undertaking a Share Purchase Plan of up to a maximum cap of A$200 million, providing existing eligible shareholders with the opportunity to apply for new fully paid NEXTDC ordinary shares.