NextDC Shares Surge 42% as Goodman, Digital Realty Seek 9.9% Stakes
Updated
Updated · CNBC · Nov 5
NextDC Shares Surge 42% as Goodman, Digital Realty Seek 9.9% Stakes
1 articles · Updated · CNBC · Nov 5
Summary
NextDC jumped more than 42% on Thursday after Goodman Group and Digital Realty launched an aftermarket bookbuild seeking shares at A$9.50 each.
Up to 9.9% stakes were targeted by each buyer, though NextDC said it did not know the outcome of the share purchase.
NextDC's board called the move opportunistic, saying it came two weeks after the company disclosed a power supply delay at its M3 Melbourne data center and cut fiscal 2027 guidance.
Goodman and Digital Realty told investors they do not currently intend to make a takeover bid, but kept that option open.
The rally contrasted with overnight weakness in U.S. data center stocks, where CoreWeave fell about 9% and Iren dropped 11.2% amid expectations of tighter post-election scrutiny on AI infrastructure buildouts.