360 Capital's Digital Infrastructure Fund to list on the ASX
2 October 2019, Written by Business News Australia
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.
Business News Australia
Author: Business News Australia