Magnora Data Center plans private placement of up to NOK 650 million at NOK 13 per share, Magnora says

Megan Holdings

Megan Holdings

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  • Magnora outlined a private placement at its data center unit, Magnora Data Center, targeting gross proceeds of up to NOK 650 million.
  • The offer price was set at NOK 13 per share, implying a pre-money equity value of NOK 650 million.
  • Magnora pre-committed NOK 100 million; the book was fully covered during pre-marketing, with more than NOK 300 million in pre-commitments and firm interest.
  • Proceeds are earmarked for data center projects, operations, working capital, and general corporate purposes.
  • Magnora Data Center targets a listing on Euronext Growth Oslo around June 8 under ticker MDATA, subject to completion conditions.


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