Ebos accepts $66m of oversubscriptions in retail offering

Fisher Funds used the placement to buy a stake in Ebos. (Image: Getty)

Mon, 24 Jan 2022

Ebos Group has raised $171 million from its existing retail shareholders after receiving bids worth almost four times what it was seeking.The healthcare and animal care products wholesaler and distributor initially sought $105m from retail investors having already raised $674m in a placement to institutions to help fund its purchase of LifeHealthcare. Shareholders sought $412m of new stock.Ebos expanded the size of the retail offering to accept an extra $66m, selling five million new shares at a price of $34.50 apiece. The share purchase plan l...

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