Megaport Completes $62 million Placement

  • Dec 06, 2019 AEDT
  • Team Kalkine

A global Network as a Service provider, Megaport Limited (ASX: MP1) successfully completed an approximately $62 million fully underwritten share Placement to institutional, sophisticated and professional investors.

  • The Placement is likely to result in the issue of 7.1 million fully paid ordinary shares in Megaport.
  • The issue price of the new shares is $8.70 per share.
  • Funds from the Placement will be used to ramp up expansion to new locations and new markets, towards innovation and development of new technology, fund operating costs and general working capital requirements and undertake capacity upgrades.

 

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