Australia’s NEXTDC to raise $1.07 billion to accelerate Sydney data centre rollout

Australia’s NEXTDC said on Monday it plans to raise A$1.5 billion ($1.07 billion) to accelerate the rollout of its S4 Sydney data centre and align with initial delivery timelines.

The entitlement offer gives existing shareholders the chance to acquire new shares at A$12.70 each, at ‌a ratio ⁠of ⁠roughly one new share for every 5.4 shares they already own.

Canada’s La Caisse has committed an additional A$700 million, following its initial A$1  billion pledge earlier this month.