At a glance
- The AU$715 million bid for 9.9% of NextDC is an offer, not a completed purchase.
- Allocators with data center exposure now have a reference price from the offer: AU$9.50 a share for a minority stake, at a 45.5% premium.
- At AU$9.50 a share, the AU$715 million implies an equity value of roughly AU$7.2 billion for the whole company.
Digital Realty and Goodman offered AU$715 million for 9.9% of NextDC at AU$9.50 a share, a 45.5% premium. NextDC paused development during a delayed Melbourne power upgrade.
The AU$715 million bid for 9.9% of NextDC is an offer, not a completed purchase.
Allocators with data center exposure now have a reference price from the offer: AU$9.50 a share for a minority stake, at a 45.5% premium. Marks on Australian digital infrastructure held through private vehicles or fund sleeves can be tested against it.
At AU$9.50 a share, the AU$715 million implies an equity value of roughly AU$7.2 billion for the whole company.
Digital Realty reported a record $2.5 billion backlog on Nov. 2, two days before the offer. Quarterly revenue was up 21%, and full-year guidance was raised.
The bid implies an AU$7.2 billion value for NextDC
Offer terms for a 9.9% stake in NextDC, announced Nov. 4, 2026
Reported by The Wrap desk from Company announcements and first reports on the NextDC offer, Nov. 4, 2026 and Digital Realty results reported Nov. 2, 2026. Published . Corrections