Nextdc shares jump as rivals buy data-center equity
In short
Nextdc Ltd. shares rose sharply after rival data-center operators bought equity in the company. The move came after a selloff in the Australian stock.
What the reporting says
Nextdc Ltd. shares jumped the most since 2010 after rival data-center operators bought equity following a selloff in the Australian company. The immediate consequence is a sharp share-price rebound for Nextdc amid signs of outside investor interest.
Why it matters
Nextdc Ltd. shares surged after rival data-center operators bought equity following a selloff in the Australian company.