Macquarie Tech Completes A$100M Fundraising

Macquarie Telecom Group Limited (AU:MAQ) has released an update.

Macquarie Technology Group Limited has successfully raised A$100 million through a fully underwritten stock placement, priced at A$72.50 per share, to fund the strategic acquisition of data center properties. The placement, which drew strong interest from both new and existing shareholders, positions the company to leverage the growing demand for cloud services and artificial intelligence in Australia. The proceeds, along with a A$90 million loan note, will specifically facilitate the purchase of land and buildings at the Macquarie Park Data Centre Campus.

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