NEXTDC locks in $1b from institutions as record data centre deal fuels $2.2b capital plan

Data centre operator NEXTDC (ASX: NXT) has completed the institutional component of a $1.5 billion entitlement offer, raising $1 billion after securing near-universal take-up from existing shareholders.

The institutional entitlement offer, conducted on a one-for-5.4 pro-rata basis, attracted 98…


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