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.
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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