Jun 2, 2026 – 3.49pmCloud connectivity company Megaport was placed in a trading halt on Tuesday as its brokers sought to gather demand for an equity raising, buoyed by an 84 per cent share price rise over the past month.Megaport founder Bevan Slattery stepped in as interim chief executive before Michael Reid joined the business in May. Louie DouvisSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Megaport poised to launch $825m capital raising, two brokers on ticket
Bank of America and UBS are mandated on the mooted cash call, which is expected to be structured as an institutional placement.
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