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Megaport Completes $50m Placement

14 Mar 2019  |  09:17:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Megaport completes $50 million placement

Megaport announced the successful completion of its $50m fully underwritten share placement to institutional, experienced, sophisticated and professional investors (Placement). The Placement will result in the issue of 12,500,000 FPO shares in the Company. The issue price of the new Shares is $4.00 per Share, representing a discount of 4.8% to its closing price of $4.20 per Share on 12 March 2019.

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