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Megaport ( (AU:MP1) ) has provided an update.
Megaport Limited has successfully completed its non-underwritten Share Purchase Plan (SPP), raising approximately A$18.2 million with the issuance of around 1.4 million new fully paid ordinary shares to eligible shareholders. The funds from the SPP will be utilized for general corporate and working capital purposes, with trading of the new shares expected to commence on the ASX on 12 December 2025. This financial maneuver follows a previously announced A$200 million fully underwritten institutional placement, highlighting Megaport’s strategic efforts to strengthen its financial position and support its operational growth.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$16.30 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
Megaport is a company that revolutionizes how businesses connect their infrastructure through a smart and simple platform. It allows for the building of secure, scalable, and agile networks with ease, providing access to global endpoints and the creation of private paths quickly. The company partners with global service providers, data center operators, systems integrators, and managed services companies, operating in over 1,000 locations worldwide. Megaport is ISO/IEC 27001 certified.
Average Trading Volume: 791,905
Technical Sentiment Signal: Buy
Current Market Cap: A$2.37B
Learn more about MP1 stock on TipRanks’ Stock Analysis page.