Latest capital raise values Sharesies at $750m

Latest capital raise values Sharesies at $750m
Sharesies’ new chair, Jon Macdonald, has plenty of history with the company. (Image: Supplied)
Pattrick Smellie
Sharesies is in the final stages of raising more than $20 million in what its new chair, Jon Macdonald, says is an “over-subscribed” Series D capital-raising round that values the popular share trading platform operator at $750 million.Some $20m is underwritten by unspecified existing shareholders with a $10m placement and another $10m of secondary market sales. In addition, “more than $2.5 million (has been) committed by IV funds & Showcase audience”, for a “post-money” valuation of $205 a share.That is...

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