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Megaport Completes AU$308 Million Retail Entitlement Offer

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Megaport (ASX:MP1) completed the retail component of its accelerated entitlement offer, raising around AU$308 million through the issue of 21.6 million new shares at AU$14.30 each, as part of its broader AU$827 million capital raising, according to a Thursday Australian bourse filing.

The offer included a top-up facility enabling eligible shareholders who fully subscribed to apply for additional shares, with strong demand resulting in total applications of about AU$323 million, per the filing.

The company applied an equal scale-back due to demand exceeding availability, allocating around 81% of top-up applications and refunding around AU$14 million, the filing said.

All retail offer shares were fully allotted, with the new shares ranking equally with existing ordinary shares, the filing added.

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