"NEXTDC continues to see opportunities in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC," the company said in a statement. NEXTDC stated that the capital raising would be conducted through a placement of A$550 million and a share purchase plan capped at A$200 million, with the placement priced at A$17.15 per share. This price represents a 3.9% discount to Tuesday's close of A$17.84. The company's value as of Tuesday was A$10.7 billion.