HMC Capital hits record high on $2.63 bln data centre float plan

HMC Capital

11/11/2024 04:24

(Updates)
    ** HMC Capital  HMC.AX  rises as much as 4.7% to record high
of A$10.87; among top gainers on the S&P ASX 200  .AXJO 
    ** Co says it will press ahead with the IPO of its data
centres business worth A$4 bln ($2.63 bln)
    ** Deal of that size will be Australia's largest IPO this
year
    ** IPO comes after co said it would buy Australian data
centre operating platform iseek for A$400 mln
    ** Stock set for fourth straight session of gains
    ** HMC up 68.51% YTD as of last close

($1 = A$1.5195)

 (Reporting by Archishma Iyer and Rishav Chatterjee in
Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))