NextDC Shares Surge After Goodman Group and Digital Realty Launch Stake Raid
Shares of NextDC surged more than 42% on Thursday after Goodman Group and U.S.-listed Digital Realty moved to acquire stakes of up to 9.9% in the Australian data center operator, CNBC reported. Bloomberg noted that the stock jumped as much as 46% in Sydney, marking its biggest gain since 2010.
In a regulatory filing on Thursday, NextDC disclosed that the two companies conducted an aftermarket bookbuild on Wednesday seeking shares at A$9.50 apiece. Bloomberg reported that this offer price represented a 45% premium to the stock’s close on Wednesday. TradingView identified the buying vehicle as Ackland Investments, a venture owned equally by Goodman Group and Digital Realty.
Board Calls Move Opportunistic Following Power Supply Delay
NextDC’s board called the stake-building move “opportunistic.” The filing noted that the share acquisition occurred two weeks after NextDC disclosed a power supply delay at its M3 Melbourne data center and revised its fiscal 2027 guidance.
🏗️ Two data center giants are eyeing a 9.9% stake in NextDC at a 45.5% premium. Goodman Group and Digital Realty proposed buying shares at A$9.50 each, valuing the deal at approximately US$500M. Target stake: Up to 9.9% Deal value: ~A$715M Premium: 45.5% over A$6.53 No… pic.twitter.com/sHfkKi0nbU
Goodman and Digital Realty informed investors that they had no current intention of making a takeover bid for NextDC, though both companies reserved the right to do so in the future, according to the regulatory filing. NextDC stated on Thursday that it was not aware of the final outcome of the share purchase.
U.S. Midterm Elections Weigh on Global Data Center Stocks
The Australian stock rally unfolded against a backdrop of steep declines in U.S. data center shares overnight. CoreWeave shares fell about 9%, while Iren dropped roughly 11.2% on Wednesday.
NEXTDC Labels Goodman-Digital Realty Share Raid 'Opportunistic' After $9.50 Book Build NXT | NEXTDC | ASX | lodged 9:59am AEDT, 5 November 2026 – Goodman Group and Digital Realty conducted a share raid seeking up to 9.9% of NEXTDC at A$9.50 per share – NEXTDC board labels the…
That sell-off followed sweeping Democratic victories in the U.S. midterm elections. The election results raised investor expectations of tighter regulatory scrutiny and potential restrictions on data center development, which could slow down the broader artificial intelligence infrastructure buildout.
Frequently Asked Questions About the NextDC Stake Acquisition
What price did Goodman and Digital Realty offer for NextDC shares?
Ackland Investments sought shares at A$9.50 apiece during the Wednesday aftermarket bookbuild, according to NextDC’s regulatory filing cited by Bloomberg and TradingView.
Have the acquiring companies launched a formal takeover bid?
No takeover proposal is currently before the NextDC board. Goodman and Digital Realty told investors they do not intend to launch a takeover bid at this time, though they reserved the right to do so later.
What recent operational setbacks did NextDC disclose prior to the share raid?
NextDC disclosed a power supply delay at its M3 Melbourne data center two weeks before the share raid, which also prompted the company to revise its fiscal 2027 guidance.
NEWS: Goodman Group, Digital Realty bid up to $499.7M for NextDC shares, term sheet shows
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Goodman Group, Digital Realty launch up to $499.7 million share bid on NextDC: term sheet https://t.co/O3DZbZpCyO
Australian property firm Goodman Group and Digital Realty on Wednesday offered to buy up to 9.9% of embattled data centre operator NextDC in a deal worth about A$715 million ($499.7 million), according to a term sheet. https://t.co/BwQ20ETCDg
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