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

Four ways businesses can use artificial intelligence to triumph in 2022
Partner Content
The last two years have delivered major disruption to the technology industry and broad...
PROS
Advertisement

Related Stories

Zip Co annual transaction volume tips over $10 billion mark

Zip Co annual transaction volume tips over $10 billion mark

Australian buy-now pay-later (BNPL) giant Zip Co (ASX: Z1P) is now ...

Pet Circle raises $125m to become Australia's latest unicorn

Pet Circle raises $125m to become Australia's latest unicorn

The dogs, cats, birds and fish that grace the pages of Pet Circle h...

Digital used car dealership Carma emerges from stealth with $28 million seed raise

Digital used car dealership Carma emerges from stealth with $28 million seed raise

Sydney-based online used car dealership Carma has today revealed a ...

Shipeezi pre-seed raise attracts logistics, tech experts as SaaS eyes future ASX listing

Shipeezi pre-seed raise attracts logistics, tech experts as SaaS eyes future ASX listing

Fast-growing supply chain management software company Shipeezi has ...