NextDC's Hybrid Securities Issue Removes Pressure to Raise Equity -- Market Talk

Dow Jones

Apr 08

2314 GMT - NextDC's decision to raise A$1 billion from issuing hybrid securities removes pressure on the data-center operator to raise equity, at least in the short term, says Jefferies. NextDC's hybrid securities offer is underwritten by Canada's La Caisse. Analyst Roger Samuel says NextDC had proforma liquidity of A$5.2 billion at end-December 2025, if the hybrid securities are accounted for. It includes A$278 million in cash. "This provides runway for the next two years, or circa 250MW of data center build-out, based on build costs of circa A$20 million/MW including core and shell (ex-land)," Jefferies says. It retains a buy call on NextDC and lowers its price target by 11% to A$16.60/share. NextDC ended Tuesday at A$12.60. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 07, 2026 19:14 ET (23:14 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2625640249"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2625640249\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2625640249?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-08 07:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2625640249","market":"sg","top_or_hot":-1,"title":"NextDC's Hybrid Securities Issue Removes Pressure to Raise Equity -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2314 GMT - NextDC's decision to raise A$1 billion from issuing hybrid securities removes pressure on the data-center operator to raise equity, at least in the short term, says Jefferies. NextDC's hybrid securities offer is underwritten by Canada's La Caisse. Analyst Roger Samuel says NextDC had proforma liquidity of A$5.2 billion at end-December 2025, if the hybrid securities are accounted for. It includes A$278 million in cash. \"This provides runway for the next two years, or circa 250MW of data center build-out, based on build costs of circa A$20 million/MW including core and shell (ex-land),\" Jefferies says. It retains a buy call on NextDC and lowers its price target by 11% to A$16.60/share. NextDC ended Tuesday at A$12.60. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 07, 2026 19:14 ET (23:14 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NextDC's Hybrid Securities Issue Removes Pressure to Raise Equity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNextDC's Hybrid Securities Issue Removes Pressure to Raise Equity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-08 07:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2314 GMT - NextDC's decision to raise A$1 billion from issuing hybrid securities removes pressure on the data-center operator to raise equity, at least in the short term, says Jefferies. NextDC's hybrid securities offer is underwritten by Canada's La Caisse. Analyst Roger Samuel says NextDC had proforma liquidity of A$5.2 billion at end-December 2025, if the hybrid securities are accounted for. It includes A$278 million in cash. \"This provides runway for the next two years, or circa 250MW of data center build-out, based on build costs of circa A$20 million/MW including core and shell (ex-land),\" Jefferies says. It retains a buy call on NextDC and lowers its price target by 11% to A$16.60/share. NextDC ended Tuesday at A$12.60. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 07, 2026 19:14 ET (23:14 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQR","symbol_name":"Equity","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2625640249","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2625640249","pubTimestamp":1775603640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2314 GMT - NextDC's decision to raise A$1 billion from issuing hybrid securities removes pressure on the data-center operator to raise equity, at least in the short term, says Jefferies. NextDC's hybrid securities offer is underwritten by Canada's La Caisse. Analyst Roger Samuel says NextDC had proforma liquidity of A$5.2 billion at end-December 2025, if the hybrid securities are accounted for. It includes A$278 million in cash. \"This provides runway for the next two years, or circa 250MW of data center build-out, based on build costs of circa A$20 million/MW including core and shell ,\" Jefferies says. It retains a buy call on NextDC and lowers its price target by 11% to A$16.60/share. NextDC ended Tuesday at A$12.60. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EQR":"Equity","BK4215":"住宅房地产投资信托","BK7043":"互联网服务与基础架构","NXT.AU":"NEXTDC LTD","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK7503":"科技股"},"translate_title":"NextDC的混合证券发行消除了筹集股权的压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NXT.AU":0.9,"EQR":1.5},"content_text":"2314 GMT - NextDC's decision to raise A$1 billion from issuing hybrid securities removes pressure on the data-center operator to raise equity, at least in the short term, says Jefferies. NextDC's hybrid securities offer is underwritten by Canada's La Caisse. Analyst Roger Samuel says NextDC had proforma liquidity of A$5.2 billion at end-December 2025, if the hybrid securities are accounted for. It includes A$278 million in cash. \"This provides runway for the next two years, or circa 250MW of data center build-out, based on build costs of circa A$20 million/MW including core and shell (ex-land),\" Jefferies says. It retains a buy call on NextDC and lowers its price target by 11% to A$16.60/share. NextDC ended Tuesday at A$12.60. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 07, 2026 19:14 ET (23:14 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}