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Megaport Limited (ASX:MP1)

ALERT: Price-sensitive ASX Announcement for MP1
Current share price for MP1 : $18.950 2.34 (14.09%)+
Announcement
Release
5 Jun 2026 8:58AM
Price at Release
$16.610
Full Release
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Summary
Megaport Limited announced the successful completion of the institutional component of its A$827.3 million entitlement offer, raising approximately A$518 million. The offer, conducted at A$14.30 per new share, received a 99% take-up from eligible institutional shareholders. The remaining 1% was allocated to shareholders bidding for more shares than their entitlement. This initiative is part of Megaport’s strategy to expand its global presence and development of an AI Inference Cloud. A retail entitlement offer is also underway to raise an additional A$309 million, allowing eligible retail shareholders in Australia and New Zealand to participate at the same price and offer ratio as the institutional offer.
Key Points
  • Successful completion of the institutional entitlement offer.
  • Raised approximately A$518 million.
  • Offer price set at A$14.30 per new share.
  • 99% take-up rate from institutional shareholders.
  • Development of a Globally-Distributed AI Inference Cloud.
  • Retail Entitlement Offer to raise additional A$309 million.
  • Retail offer available to eligible shareholders in Australia and New Zealand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.