NEXTDC Limited has successfully completed the retail component of its fully underwritten entitlement offer, raising approximately A$480 million at an offer price of A$12.70 per new share. The offer, structured on a 1-for-5.4 pro-rata basis to eligible shareholders, represents a substantial capital injection for the data centre operator as it pursues its growth agenda across Australia and the Asia-Pacific region.
The retail tranche attracted considerable support from the existing shareholder base. Valid applications totalled approximately A$407 million, representing a take-up rate of around 85 percent from eligible retail shareholders. This level of participation indicates underlying confidence in NEXTDC’s strategic direction and capital deployment plans. The remaining entitlements from ineligible retail shareholders and those not taken up by eligible investors, representing approximately 5.7 million shares worth A$73 million, were allocated to sub-underwriters of the offer as expected.
The retail offer completion follows settlement of the institutional component on 29 April 2026, which raised approximately A$1,027 million. Combined with the retail proceeds, NEXTDC has secured approximately A$1.5 billion in fresh capital. The fully underwritten structure eliminated execution risk and provided certainty around the capital availability needed for the company’s expansion plans.
From an investor perspective, the entitlement offer allowed existing shareholders to maintain their pro-rata ownership stakes while accessing equity capital through underwritten channels. The strong showing from both retail and institutional investors, who together subscribed for the full offer, suggests broad market endorsement of NEXTDC’s growth narrative. The newly issued shares will rank equally with existing fully paid ordinary shares, maintaining the integrity of the capital structure.
Settlement of the retail shares is scheduled for 15 May 2026, with allotment and normal trading commencing on 18 and 19 May 2026 respectively. Holding statements will be dispatched on 20 May 2026. Investors should track NEXTDC’s announcements regarding capital deployment and project timelines to gauge how quickly the capital raise translates into new capacity and earnings growth. This announcement has been flagged by the ASX as price sensitive and material information.
View the full ASX announcement (PDF)
About NEXTDC Limited (ASX: NXT)
NEXTDC Limited develops and operates data centers in Australia and the Asia-Pacific region. The company offers data center colocation solutions, high-performance computing, disaster recovery services, and various digital infrastructure solutions to enterprise clients, government agencies, and cloud providers. Headquartered in Brisbane, Australia, NEXTDC provides critical connectivity and infrastructure services across its network of facilities.
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