Megaport starts trading on ASX
17 December 2015 |
Megaport has commenced trading on the Australian Securities Exchange (ASX), following a successful IPO which raised $25 million.
The company applied for a listing on the ASX last month, and executives have now revealed that Megaport began trading under the ticker symbol MP1 at 10.30 AEDT on Thursday December 17, 2015.
“The IPO has enabled the participation of more than 3,000 investors in Megaport’s future as we strive to deliver on our vision to create a better way for networks and cloud to interconnect,” said Bevan Slattery, executive chairman and founder of Megaport.
The IPO funds will be used on the construction, operation and maintenance of Megaport’s North American and European networks.
“This milestone allows Megaport to accelerate its business plans, to extend the platform deeper into existing markets, and to expand into new markets, including markets within North America, Europe, and Asia,” said Denver Maddux, Megaport CEO.