360 Capital Digital Infrastructure Fund Next Step to IPO

4 October 2019

Following the completion of the $50.0 million pre-IPO raising, the 360 Capital Digital Infrastructure Fund has now completed a $65.0 million Institutional Book Build which was oversubscribed this week.


360 Capital FM Limited, the responsible entity of the Fund and 360 Capital Digital Management Pty Limited as investment manager of the Fund, have entered into an underwriting agreement for the $65.0 million capital raising with joint lead managers and underwriters Shaw and Partners Limited, Moelis Australia Advisory Pty Ltd and Morgans Corporate Limited.


The Fund lodged its PDS with ASIC this week following which it will list on the ASX under the ASX code TDI.


The Retail Offer is scheduled to open on the 9 October 2019 and close on the 28 October 2019. The Retail Offer is only open to clients of the joint lead managers.


360 Capital Group (ASX: TGP) and 360 Capital Total Return Fund (ASX: TOT) securityholders, who were on the register on 30 September 2019, (the Priority Offer Record Date), will be able to participate in the capital raising through the $10.0 million Priority Offer sub underwritten by TGP.