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Summary
NextDC shares jumped nearly 43% to A$9.34 on Thursday after Goodman Group and Digital Realty (DLR) sought a stake of up to 9.9% at A$9.50 a share, according to Investing.com.
NextDC's board called the move opportunistic, two weeks after a power supply delay at its M3 Melbourne data center and revised fiscal 2027 guidance, as reported by CNBC.
Goodman and Digital Realty said they have no current intention of making a takeover bid but reserved the right to do so, per CNBC.
Gotrade News - NextDC shares jumped nearly 43% to A$9.34 on Thursday (Nov 5) after Goodman Group and Digital Realty (DLR), through a trust they control equally, sought a stake of up to 9.9% in the Australian data center operator at A$9.50 a share, a 45.5% premium, according to Investing.com.
The buyers ran an aftermarket bookbuild at that price on Wednesday, according to a NextDC regulatory filing reported by CNBC. Goodman shares rose 2% and the ASX 200 rallied 1.8%, Investing.com reported.
Regular-session close on November 4, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 5, 2025.
NextDC Board Calls the A$9.50 Stake Bid Opportunistic
NextDC's board considers the purchase an "opportunistic" move, according to the company's filing as reported by CNBC. The board noted that it came two weeks after NextDC disclosed a power supply delay at its M3 Melbourne data center and revised its fiscal 2027 guidance. The company also said it was not aware of the outcome of the share purchase, per CNBC.
The terms reported by CNBC and Investing.com are set out below.
Term
Detail
Buyers
Goodman Group and Digital Realty, through a trust they control equally
Method
Aftermarket bookbuild on Wednesday (Nov 4)
Price per share
A$9.50
Premium
45.5% to NextDC's Wednesday close
Stake sought
Up to 9.9%
NextDC Lost Over 40% This Year Before the Bid
The bid follows a steep slide. NextDC shares had lost more than 40% this year, mostly in late October after the company paused all future developments and slashed revenue forecasts, a sell-off that wiped out about A$3 billion in a day, according to Investing.com.
According to NextDC's investor center, the company booked FY26 net revenue of A$405.0 million and EBITDA of A$248.8 million. The same page lists FY26 contracted utilization of 740.1 MW against billing utilization of 175 MW.
Digital Realty (DLR): Co-Owner of the Buying Trust
Digital Realty, listed on the New York Stock Exchange, holds the trust that ran the bookbuild in equal shares with Goodman, according to Investing.com. Both buyers told investors they have no current intention of making a takeover bid for NextDC but reserved the right to do so, as reported by CNBC.
CoreWeave (CRWV) and Iren (IREN): Data Center Stocks Fell on Midterm Scrutiny
In the US, CoreWeave (CRWV) and Iren (IREN) fell on Wednesday as data center stocks sold off after Democratic midterm victories raised expectations of tighter scrutiny and possible restrictions on data center development, according to CNBC.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
