Megaport Completes Institutional Entitlement Offer
Key points
- Megaport completed the institutional component of its entitlement offer.
- The offer raised approximately A$518M and attracted a 99% take-up rate.
- New shares will rank equally with existing shares on issue.
Full summary
Megaport Limited (ASX: MP1) has successfully completed the institutional component of its A$827.3M fully underwritten entitlement offer. The institutional entitlement offer raised gross proceeds of approximately A$518M and will result in the issue of approximately 36.2M new shares. The institutional entitlement offer attracted strong demand from Megaport's eligible institutional shareholders, with a take-up rate of approximately 99%. New shares will rank equally with existing shares on issue. The retail component of the entitlement offer is expected to raise approximately A$309M and will open on 11 June 2026, closing on 29 June 2026.
Summary generated by a large language model. Please interpret with care.