Australian information middle supplier NextDC introduced that it has efficiently raised roughly AUD 550 million by way of the issuance of roughly 32.1 million new shares. Additional to the corporate’s ASX announcement dated September 10, 2024, the location shares have been issued at AUD 17.15 per share, representing a 3.9 p.c low cost to Tuesday’s shut.
Additionally Learn: NextDC Launches 5 MW Information Heart in Adelaide, Australia
Proceeds for Asian Information Heart Growth
The proceeds from the capital elevating will likely be used for buying new information middle growth websites in Asia, in addition to for basic company functions and transaction prices. The newly acquired Asian websites are anticipated to increase the corporate’s information middle growth pipeline in Asia, which in the end may even add to NextDC’s deliberate capability of over 1GW based mostly on its current portfolio of information centre websites, the alternate submitting mentioned.
“NextDC continues to see alternatives within the rising cloud and AI-led demand for digital infrastructure all through its core Asian markets, which it believes creates robust tailwinds for NextDC,” the corporate mentioned.
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Investments and Future Developments
Moreover, NextDC mentioned it’s actively evaluating and planning its growth into new markets, together with website analysis and negotiation in Bangkok, Thailand (BK1) and Johor, Malaysia (JB1).
In FY24, NextDC acquired overseas funding approval from Thailand’s Board of Funding (BOI) to construct a brand new hyperscale facility in Bangkok. A part of the capital raised will likely be used to develop this facility as soon as an appropriate website has been acquired.
In the meantime, the deliberate JB1 growth is anticipated to increase the corporate’s presence in Malaysia, with the completion of KL1 anticipated in FY26.
NextDC mentioned, “Whereas the corporate is already well-placed from a liquidity perspective to proceed accelerating its growth actions, it’s changing into clear that alternatives for value-accretive investments within the close to time period will proceed to develop according to our file pipeline and robust demand for cloud and AI providers.”
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Help from Shareholders and New Buyers
The position acquired robust assist from NextDC’s current shareholders and new buyers, the alternate submitting mentioned. Settlement of the brand new placement shares is anticipated to happen on September 13, 2024, with allotment and regular buying and selling beginning on September 16, 2024.
