Data centre operator NextDC will attempt to raise A$40 million through an initial public offering this year, after securing a credit facility for another A$40 million. The company also hoped to be listed on the Australian Stock Exchange by December 13, according a prospectus.

.

NextDC - formed by ex-PIPE Networks' Bevan Slattery - planned to build carrier-neutral data centres in Brisbane, Melbourne and Sydney in the first instance. But it was also eyeing a broader network of facilities. "Subject to satisfactory completion of the initial facilities and customer demand, NextDC intends to investigate developing further space and facilities throughout Australia and New Zealand," Slattery and chairman Roger Clarke said in a joint letter in the prospectus.

Source: IT News

Here for full article