Serko raises $55m to capitalise on disruption

Serko raises $55m to capitalise on disruption
Dan Brunskill
Online travel expense management company Serko is in a trading halt while it completes the bookbuild for an unexpected $55 million equity raising.Serko is raising $45 million from an underwritten placement to institutional investors and $10 million from a non-underwritten share purchase plan for existing investors.The placement's final price will be set through a bookbuild process but is underwritten at a minimum price of $4.35 per share, a 3.5 percent discount to yesterday’s closing price of $4.51. The raise is worth approximately 13...

More Listed Companies

NZME boss calls for digital platform law
Listed Companies

NZME boss calls for digital platform law

NZME CEO Michael Boggs calls for government solution to big tech bargaining imbalance.

Daniel Dunkley 21 Feb 2024
BellPotter a bull on Santana's Bendigo gold prospect
Listed Companies

BellPotter a bull on Santana's Bendigo gold prospect

Aussie broker ups target price for speculative Central Otago project.

Pattrick Smellie 17 Jan 2024
Canterbury solar farm construction under way
Listed Companies

Canterbury solar farm construction under way

New farm will power 13,000 homes.

15 Jan 2024
Cautious growth ahead for Hallenstein Glasson
Retail

Cautious growth ahead for Hallenstein Glasson

The post-pandemic rebound appears to be over for Hallenstein Glasson.

Cécile Meier 12 Dec 2023