Megaport Seeks A$827.3 Million for AI Cloud and GPU Pool in Australia

1 articles · Updated · Bloomberg · Jun 3

A$827.3 million is the target of Megaport’s entitlement offer, with new shares priced at A$14.30 each to finance an AI inference cloud and support contract execution.
The offer comes at a 13.9% discount to Monday’s close, a structure aimed at securing funding for a rapid expansion tied to AI infrastructure demand.
A$458.9 million of the proceeds is earmarked for four new AI infrastructure agreements, while the rest will help build a graphics processing unit pool.
The capital raise ranks among Australia’s biggest deals this year, underscoring how companies are funding the broader global data-center buildout.

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