360 Capital's Digital Infrastructure Fund to list on the ASX

360 Capital's Digital Infrastructure Fund to list on the ASX

Following a successful $50 million pre-IPO raising and an oversubscribed $65 million Institutional Book Build 360 Capital (ASX: TGP) has announced its plans to list a key fund on the ASX.

The 360 Capital Digital Infrastructure Fund, a fund that exposes investors to digital and technological infrastructure assets, will list on the ASX under the code TDI on 4 November 2019.

The Fund invests in digital infrastructure-related assets including data centres, small cell sites and dark fibre.

The retail offer for the listing will open on 9 October and close on 28 October 2019 and is only open to clients of the joint lead managers (360 Capital and the Fund).

360 Capital Group and 360 Capital Total Return Fund (ASX: TOT) shareholders will be able to participate in the capital raising through a $10 million segment underwritten by TGP.

Managing director of 360 Capital Digital Infrastructure David Yulie says the listing of the Fund is an excellent opportunity for the company.

"This is a fantastic outcome and we have a great pipeline of opportunities to invest in the new digital economy where data centres are the factories and connectivity the shipping lines and highways," says Yulie.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How to conduct an effective board assessment: a step-by-step guide
Partner Content
Your directors should conduct a board assessment annually. Let's examine what a boa...
OnBoard, by Passageways
Advertisement

Related Stories

Cettire sashays to an $8m profit as luxury goods prove resilient in tough times

Cettire sashays to an $8m profit as luxury goods prove resilient in tough times

Specialist online retailer Cettire (ASX: CTT) is proving that luxur...

The Star hit with two more shareholder class actions

The Star hit with two more shareholder class actions

Law firms Phi Finney McDonald and Shine Lawyers (ASX: SHJ) have ser...

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

The parent company of Boost Juice is set to return to Australian ha...

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Alternative medicines stocks are on a tear today as investors take ...