Goodman Group ( (AU:GMG) ) has shared an announcement.
Goodman Group has opened its Security Purchase Plan (SPP) for eligible securityholders in Australia and New Zealand, following a successful $4 billion institutional placement. The SPP aims to raise up to $400 million, allowing eligible securityholders to purchase new securities at $33.50 each, equal to the institutional placement price. This move is part of Goodman’s strategy to strengthen its financial position and expand its property portfolio, potentially enhancing its market presence and offering value to its investors.
More about Goodman Group
Goodman Group is a global industrial property specialist with operations in key consumer markets worldwide, including 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 such as logistics and distribution centers, warehouses, and data centers.
YTD Price Performance: -7.93%
Average Trading Volume: 700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $42.05B
Learn more about GMG stock on TipRanks’ Stock Analysis page.