● Covered by 1 source · 1 reportMedium impact1 neutral
NextDC Shares Jump 51% After Goodman and Digital Realty Acquire Stakes
Key points
- NextDC shares increased by 50.84% on Thursday.
- Goodman Group and Digital Realty sought up to 9.9% stakes.
- The share purchases were at A$9.50 per share.
- NextDC board called the timing "opportunistic" after recent negative news.
Significant Share Price Increase
NextDC, an Australian data center operator, saw its shares close 50.84% higher on Thursday. This surge followed news that Goodman Group and U.S.-listed Digital Realty were acquiring stakes in the company.
Stake Acquisitions by Goodman and Digital Realty
Goodman Group and Digital Realty conducted an aftermarket bookbuild on Wednesday, aiming to purchase shares at A$9.50 each. Both companies sought to acquire up to a 9.9% stake in NextDC. While they stated no current intention for a takeover bid, they reserved the right to make one in the future.
NextDC Board's Reaction
NextDC's board characterized the stake acquisitions as "opportunistic." This move came two weeks after NextDC announced a power supply delay at its M3 Melbourne data center and subsequently revised its fiscal 2027 guidance. The company stated it was not informed of the outcome of the share purchase at the time of its regulatory filing.
Market Context
The rally in NextDC's shares occurred despite a general weakness in U.S. data center stocks overnight. Companies like CoreWeave and Iren experienced declines of approximately 9% and 11.2% respectively. This broader sell-off in the U.S. market was attributed to expectations of increased scrutiny and potential restrictions on data center development following recent election results, which could impact AI infrastructure expansion.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Shares of Australian data center operator NextDC rose 50.84% after Goodman Group and Digital Realty sought to acquire up to 9.9% stakes in the company. NextDC's board described the move as "opportunistic," occurring shortly after the company reported a power supply delay and revised its fiscal 2027 guidance.