With a little under a week to go before the Megaport capital raise closes, what do the experts think?
Two of the experts on this week’s Switzer TV both rate Megaport a buy, pointing to a United States compute acquisition and a capital raise that is still open to retail shareholders.
That retail offer closes on Monday 29 June.
On Switzer TV (22 June 2026), Adam Dawes of Shaw and Partners and Rudi Filapek-Vandyck of FNArena both landed on the same call on Megaport (ASX: MP1): take part in the raise, and treat the stock as a buy.
Megaport sells network-as-a-service. In plain terms, it is the plumbing that lets a business connect, on demand, to data centres and to the big cloud providers without laying its own cables or signing long fixed-line contracts. The company says its fabric reaches more than 1100 data centres across 31 countries.
The acquisition
Megaport’s most recent acquisition of Latitude.sh in November last year is what makes the company more attractive to Rudi Filapek-Vandyk. The acquisition allows Megaport to now sell the plumbing that connects customers to datacentres, as well as the hardware inside those datacentres too.
“It’s a truly transformative acquisition. Megaport helps businesses connect to data centres, and the US business they’ve bought helps the customers on those data centres with GPUs, CPUs and hardware … they’re already talking hundreds of millions. The current orders already imply the share price should be higher,” said Rudi Filapek-Vandyck, of FNArena.
Watch the full episode:
And customers are already taking notice. Megaport told the ASX in June it had signed four new AI infrastructure contracts with a combined total contract value of about $458.9 million, with the work expected to start in the first half of FY2027.
The raise
To fund the build, Megaport is raising about $827 million through a fully underwritten entitlement offer. It is priced at A$14.30 per new share, and eligible holders can buy one new share for every 3.08 they already own.
The institutional part of the offer has closed, raising about $518 million at 99 per cent take-up. The retail tranche is for about $309 million. That retail offer is the one still open.
Dawes said he would take it up in full.
“They’ve really turned the market around with their messaging … If you’ve got the share purchase plan in your portfolio, I’d take it up to the maximum amount. It’s a buy from me,” said Adam Dawes, of Shaw and Partners.
Those who can participate in the raise are well-placed, too, with new shares are priced at $14.30 compared to MP1’s last-traded price of $20.74 on 18 June 2026. That is the discount Filapek-Vandyck was pointing to when he said the current orders imply a higher share price.
For holders who want to act, the date to watch is 5:00pm Sydney time on Monday 29 June 2026.
This article does not take into account the investment objectives, financial situation or particular needs of any individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances. Before acting on anything we discuss, we strongly recommend you seek the appropriate professional advice.
