Megaport Limited capital raising

Megaport Limited capital raising

Our Corporate Advisory team has acted on Megaport Limited’s (ASX:MP1) (Megaport) $27.8 million capital raising, which successfully completed on 29 June 2017. 

The capital raising includes a private placement to US-based investors led by a subsidiary of global data centre operator and key Megaport business partner Digital Realty (the world's largest full scale data centre provider) to raise $11,441,287, and a fully underwritten institutional placement in Australia to raise additional funds of $16,352,736.

The capital raising will fund Megaport’s international expansion and new product development initiatives.

Megaport was established in 2013 and founded by Bevan Slattery.  Megaport is the global leading provider of Elastic Interconnection services.  Using Software Defined Networking (SDN), the Company’s global platform enables customers to rapidly connect their network to other services across the Megaport Network.

The deal continues the firm’s longstanding relationship with Megaport since advising them on their $25 million IPO in December 2015 and subsequent capital raisings.

The deal was led by Partner Derek Pocock and Lawyer Lisa Brass.

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