ASX:NXTIT
A Look At NEXTDC (ASX:NXT) Valuation After A$1b Hybrid Securities Offering
NEXTDC (ASX:NXT) has kicked off a A$1b hybrid securities offering, underwritten by Canadian investor La Caisse. The securities feature a 100 year maturity and no equity conversion, and are intended to support data centre development and capacity expansion.
See our latest analysis for NEXTDC.
At a share price of A$12.90, NEXTDC has seen a 14.56% 7 day share price return and a 16.95% 1 year total shareholder return. This suggests recent momentum has picked up as investors weigh the new hybrid...