Goodman Group ( (AU:GMG) ) has provided an update.
Goodman Group announced the successful completion of a fully underwritten institutional placement, raising approximately $4 billion. The placement involved issuing 119,402,986 new fully paid ordinary Goodman stapled securities at an issue price of $33.50 per security. This capital raise is expected to enhance Goodman’s capacity to invest in its property portfolio, supporting its long-term strategy of creating value for customers and investors by focusing on high-quality sustainable properties in key cities worldwide.
More about Goodman Group
Goodman Group is a global industrial property specialist with operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas. It is the largest property group on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property globally. Goodman provides essential infrastructure for the digital economy by owning, developing, and managing high-quality sustainable properties, including logistics and distribution centres, warehouses, and data centres.
YTD Price Performance: -3.28%
Average Trading Volume: 700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $42.08B
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