NEXTDC, an Australian data centre operator, announced on Tuesday its intention to raise A$750 million ($500.33 million) to further expand its data centre operations in Asia. This move aligns with the increasing global demand for digital infrastructure driven by the AI boom.
The capital raising will be executed through a placement of A$550 million and a share purchase plan capped at A$200 million, with the placement priced at A$17.15 per share. This price reflects a discount of 3.9% compared to Tuesday’s closing price.
NEXTDC's expansion strategy is fueled by the rising cloud and AI-driven demand for digital infrastructure in its core Asian markets. The company views this as a significant opportunity to capitalize on strong market tailwinds.
In a related development, Blackstone recently made headlines with its largest investment in the Asia-Pacific region, acquiring Australian data centre group AirTrunk in a monumental A$24 billion deal.
In addition to its fundraising efforts, NEXTDC has revised its capital expenditure guidance for fiscal 2025, increasing the forecast range to A$1.3 billion to A$1.5 billion, up from the previous estimate of A$900 million to A$1.1 billion. This adjustment reflects the company's commitment to scaling its infrastructure to meet the growing demands of the AI and cloud sectors.
