NextDC listed on ASX

Follows $40 million IPO

NextDC has begun trading on the Australian Stock Exchange (ASX) following a $40 million initial public offering (IPO) capital raising.

The company, trading under the ticker of NXT, is the first data centre provider to list on the ASX, according to NextDC chairman, Roger Clarke.

“The company is committed to establishing NextDC as a key market participant in the Australian and New Zealand data centre services market by designing, developing and operating a network of secure, efficient and stable enterprise class data centres,” Clarke said in a statement.

The launch onto the ASX is in line with plans announced by the company in November, when it first lodged its $40 million IPO.

The company was incorporated in May 2010 and has received $20 million of initial equity capital from its founder and former Pipe Networks chief, Bevan Slattery.

In July, NextDC purchased a 14,000 sqm Port Melbourne property and a 2300 sqm Brisbane property to build data centre facilities.

NextDC also announced a heads of terms for 1,000m² of data centre space with Harbour MSP in its Melbourne facility.

According to the company, it is on track to achieve its planned ‘online’ date for its initial data centres in Brisbane in March and Melbourne in November 2011.

A Sydney site is expected to be announced by March.

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