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Nextdc Completes AU$480 Million Retail Entitlement Offer

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Nextdc (ASX:NXT) successfully closed the retail component of its fully underwritten 1-for-5.4 accelerated non-renounceable entitlement offer, raising around AU$480 million at AU$12.70 per new share, as part of a broader AU$1.5 billion capital raising, according to a Thursday filing with the Australian bourse.

The retail offer saw strong participation from eligible shareholders, with valid applications totaling about AU$407 million, representing an around 85% take-up rate, per the filing.

The remaining around 5.7 million shares worth about AU$73 million that were not taken up by eligible or ineligible retail shareholders will be allocated to sub-underwriters, the filing added.

The company's shares shed about 1% in recent Thursday trade.

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