This article is from the Australian Property Journal archive
Shortly after completing its blockbuster $4 billion capital raising to turbocharge its data centre portfolio, industrial property giant has opened a security purchase plan (SPP) looking to raise up to a further $400 million.
The issue price payable under the SPP is $33.50 per new security. This is equal to the price that institutional investors acquired new securities for under the placement, which was a discount of 6.9% to Goodman’s previous close of $35.98. Goodman had opened trading yesterday at $32.19.
Goodman quickly completed its 4 billion capital raising, as it sought to take advantage of skyrocketing use of AI and cloud storage.
“We’re very pleased with the strong support we’ve received from both existing and new institutional investors for this placement. It highlights continued confidence in Goodman’s established strategy of providing essential infrastructure for the digital economy,” group CEO Greg Goodman said.
