Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Goodman Group ( (AU:GMG) ) has provided an update.
Goodman Group has successfully raised approximately $4.0 billion through a fully underwritten institutional placement, issuing around 119.4 million new securities. This move, supported by both existing and new institutional investors, will enhance Goodman’s financial and operational flexibility, particularly in its data center offerings, supporting long-term growth and infrastructure development crucial for the digital economy.
More about Goodman Group
Goodman Group is a prominent provider of essential infrastructure, specializing in owning, developing, and managing logistics properties and data centers in major global cities, which are crucial for the digital economy. With operations across Australia, New Zealand, Asia, Europe, the UK, and the Americas, Goodman is the largest property group on the Australian Securities Exchange and a leading investment manager of industrial property worldwide.
YTD Price Performance: 1.33%
Average Trading Volume: 687
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $43.67B
See more insights into GMG stock on TipRanks’ Stock Analysis page.
