ASX:NXTIT
NEXTDC (ASX:NXT) Is Up 6.1% After A$1.51 Billion Equity Raise To Accelerate AI Data Centres - Has The Bull Case Changed?
In April 2026, NEXTDC entered a trading halt and launched a follow-on equity offering of about A$1.51 billion at A$12.70 per share to fund a A$2.20 billion capital plan amid record contracted utilisation and a very large forward order book for data centre capacity.
The company is fast-tracking its multi-billion dollar S4 data centre project in Western Sydney to meet accelerating demand from hyperscale and AI workloads.
With this capital raise underpinning accelerated data centre expansion,...