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Infratil shares gain as trading resumes

Stock surges on high turnover after completion of $1b discounted share placement.

Ongoing investor demand post capital raise may be linked to the artificial intelligence boom.

Tim Hunter Tue, 18 Jun 2024

Infratil shares gained more than 1% on heavy volume this morning as they resumed trading after a $1 billion capital raise completed.

Following an initial dip, by 1.15pm the shares were up 18c at $11.07 on turnover of $24 million, valuing the infrastructure investor at $9.27b.

The price represents a

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Tim Hunter Tue, 18 Jun 2024
Contact the Writer: thunter@nbr.co.nz
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Infratil shares gain as trading resumes
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