Megaport Limited (ASX: MP1) has completed its fully underwritten AUD 200 million institutional placement to support the acquisition of Latitude.sh and drive network growth in India. The Brisbane-headquartered Network-as-a-Service provider received strong support from investors, with bids well over the amount available in corners.
Figure 1: Digital network landscape
The Company placed some 14.0 million new fully paid ordinary shares at AUD 14.30 per share, representing a 6.5% discount to the last closing price of AUD 15.30 on 10 November 2025. The Megaport institutional placement reflects strong support from investors who are excited by the Company’s strategy to be at the intersection point of networks and computing infrastructure.
Investors Rally Behind Megaport’s Global Growth Vision
The Megaport institutional placement received overwhelming support from both existing shareholders and new investors. All institutional shareholders that bid for a level of new shares less than or equal to their pro rata share received all funds requested on a best efforts basis.
Figure 2: Strategic collaboration
Megaport CEO Michael Reid was pleased with the success of the capital raising. The executive emphasised the importance of Latitude.sh and rapid expansion of networks in India delivers an automatic global software system where network and compute come together to connect the important workloads. The Company is positioned to scale and expand on the epicentre of the hybrid cloud and AI era.
Placement Structure and Timeline
The institutional placement was conducted under Megaport’s available placement capacity under ASX Listing Rule 7.1 and did not require shareholder approval. The resumption of trading on the ASX was before the opening of 12 November 2025.
Settlement of the new placement shares occurred on Friday, 14 November 2025. Allotment and normal trading of those shares commenced on Monday, 17 November 2025. The new placement shares rank equally with all existing fully paid ordinary shares on issue.
Megaport ASX Update: Share Purchase Plan Opens for Retail Investors
Megaport announced a non-underwritten Share Purchase Plan (SPP) targeting to raise up to AUD 20 million. The SPP provides eligible Australian and New Zealand shareholders the opportunity to participate in the equity raising.
As part of the SPP, qualifying shareholders are entitled to apply for up to AUD 30,000 of new shares without transaction costs or brokerage fees. The SPP shares will be priced at AUD 14.30 per share, and at a 2.5% discount to the 5-day volume-weighted average price of a Megaport share on and including that closing date of the SPP offer period.
The SPP record date was 7:00 pm Sydney time on Monday, 10 November 2025. An SPP booklet with further details was expected to be sent to eligible shareholders on or around Tuesday, 18 November 2025. Any funds raised under the SPP will be used for general corporate and working capital purposes.
Strategic Rationale for Megaport Institutional Placement and India Expansion
The proceeds from the Megaport institutional placement contribute to funding Megaport’s acquisition of Latitude.sh and the accelerated India network land and expand strategy. Latitude.sh operates as a globally scalable Compute-as-a-Service platform providing automated high-performance compute infrastructure.
The rapid growth of India is yet another indication of Megaport’s dedication to driving opportunity in one of the fastest-growing digital markets in the world. The acquisition target has more than 1,150 customers in 10 countries. It is also the strategic alignment point for Megaport, sealing the gap between the network connectivity and compute infrastructure.
The accelerated network expansion in India represents Megaport’s commitment to capturing growth opportunities in one of the world’s fastest-growing digital markets. The combination of the Latitude.sh acquisition and India expansion creates a comprehensive platform for enterprises navigating hybrid cloud and artificial intelligence deployments.
Megaport Share Price News
Megaport shares currently trade at AUD 15.260, reflecting a market capitalisation of AUD 2.47 billion. The stock has traded in a 52-week range of AUD 6.605 to AUD 17.870 per share. The institutional placement price of AUD 14.30 represents a 6.5% discount to the last close price prior to the capital raising announcement.
Figure 5: Share price trend over the past year
Industry Context and Growth Drivers
The Network-as-a-Service sector experiences rapid growth as enterprises migrate to hybrid cloud architectures and deploy artificial intelligence workloads. Megaport’s platform addresses the increasing complexity of connecting distributed infrastructure across multiple cloud providers, on-premises data centres and edge locations.
But the combination of network access and compute infrastructure is a natural trajectory for the industry. By acquiring Latitude.sh’s Compute-as-a-Service product, Megaport, is ideally positioned to provide a complete solution for customers who want to connect and compute critical workloads around the globe.
India’s digital transformation creates substantial opportunities for infrastructure providers. The country’s enterprise sector increasingly adopts cloud technologies and requires robust, scalable connectivity solutions. Megaport’s accelerated expansion strategy targets this growing demand.
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FAQs
Q1. What was the size of Megaport’s institutional placement?
Megaport raised AUD 200 million through a fully underwritten institutional placement, issuing approximately 14.0 million new fully paid ordinary shares.
Q2. At what price were the Megaport placement shares issued?
The placement shares were issued at AUD 14.30 per share, representing a 6.5% discount to the last closing price of AUD 15.30 on 10 November 2025.
Q3. What will Megaport use the placement proceeds for?
The proceeds will contribute to funding Megaport’s acquisition of Latitude.sh and the accelerated India network land and expand strategy.
Q4. Can retail shareholders participate in the capital raising?
Yes, eligible Australian and New Zealand shareholders can participate through a Share Purchase Plan (SPP) targeting to raise up to AUD 20 million, with the ability to subscribe for up to AUD 30,000 worth of shares.
Q5. What is Latitude.sh?
Latitude.sh is a globally scalable Compute-as-a-Service platform providing automated high-performance compute infrastructure, serving over 1,150 customers across 10 countries.
