Serko brings in booking.com in $45m capital raising

Thu, 24 Oct 2019

Serko said it plans to raise $45 million of new capital to fast-track the roll-out of its Zeno travel management platform and will bring the booking.com website owner into the fold as a cornerstone shareholder. Booking Holdings will end up with a 4.7 percent stake in Serko and inject $17.5 million of the total capital raised in a $40 million placement at $4.04 a share. Serko staff including chief executive Darrin Grafton and chair Simon Botherway will also sell $16 million at the same price into the placement to institutional investors in...

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