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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.