Key Highlights

  • NEXTDC (ASX:NXT) closed at $10.40 on 6 November 2026, up 5.58%, while the S&P/ASX 200 Info Tech index fell 0.78%.
  • On 5 November 2026, NEXTDC responded to an aftermarket book build by Ackland Investments, a vehicle owned equally by Goodman Group and Digital Realty, at A$9.50 per share for up to 9.9%.
  • The NEXTDC board said it is not in possession of any Takeover proposal, and shareholders do not need to take any action.

NEXTDC Limited (ASX:NXT) closed at $10.40 on 6 November 2026, up 5.58% for the trading session. The S&P/ASX 200 Info Tech index (XIJ) closed at 1,783.50, down 14.10 points or 0.78%. The S&P/ASX 200 finished at 9,020.80, up 0.49%, and the All Ordinaries closed at 9,144.70, up 0.66%. NEXTDC is an ASX 100-listed data centre-as-a-service provider that builds and operates facilities for cloud, AI and enterprise customers.

Latest Developments

Response to Share Raid (5 November 2026)

NEXTDC released a statement on 5 November 2026 responding to an aftermarket share raid by Ackland Investments No.1 Pty Limited. Ackland is owned in equal shares by Goodman Group and Digital Realty Trust. NEXTDC understood that Ackland had conducted an aftermarket book build on 4 November 2026, seeking to acquire shares at A$9.50 each, up to a maximum holding of 9.9% of the company's ordinary shares. NEXTDC said it did not know the outcome of the share raid.

Goodman and Digital Realty, through their broker, told investors during the book build that they had no intention of making a control proposal or takeover bid at this time, but reserved their right to do so. The NEXTDC board described the move as opportunistic. It said it is not in possession of any takeover proposal, and that any bona fide approaches would be considered on their merits.

Context From Prior Announcement

The release noted that it came two weeks after NEXTDC's 21 October 2026 announcement of a delay to its M3 Melbourne power and revised FY27 guidance. NEXTDC has appointed Barrenjoey Advisory, UBS Securities and Cadence Advisory as financial advisers, with Mallesons as legal adviser.

About the Company

NEXTDC provides data centre-as-a-service, including power, security and connectivity for cloud, AI and enterprise customers. Its facilities are located across Australian Capital cities, and the company describes itself as building the infrastructure platform for the digital economy.

Sector Context

Data centre businesses depend on access to power, land and capital, and projects can take years to build. Demand from cloud providers and AI workloads has driven interest in the sector, and large shareholders in listed data centre groups can influence corporate activity.

Risks to Watch

The release said the share raid took place through an aftermarket book build open only to institutional investors, and that NEXTDC does not know its outcome. Further statements from the parties involved are possible. The M3 Melbourne power delay and revised FY27 guidance also remain relevant to the outlook.

Data centre development involves large capital requirements, construction timing and power Supply constraints, which can all affect delivery.

Catalysts on Watch

Further statements from Goodman, Digital Realty or the NEXTDC board on the share raid, the outcome of the book build and any approach to the board are the key near-term items. Progress on the M3 Melbourne power connection and the FY27 guidance will also be relevant.

Closing Remarks

NEXTDC responded to an aftermarket share raid by Goodman and Digital Realty's vehicle and said it has received no takeover proposal. The release is dated 5 November 2026, so it is not linked to the Trading session on 6 November, when the shares closed at $10.40, up 5.58%. Future announcements will provide more detail on the situation.