NEXTDC: Raising $672M to support growth
- NEXTDC will be raising $672M to fund the construction of its third data centre in Sydney
- The money raised will be completed through a placement and share purchase plan
- The majority of the funds raised will cover the construction of the company’s third data centre in Sydney
- NEXTDC has seen a significant increase in demand due to many office workers now working from home
- This centre has a total capacity of 80 megawatts and is expected to be ready by the first half of the 2022 financial year
- NEXTDC entered a trading halt today and shares last traded for $9.18 each
