Serko shares jump as investors pay premium to get on board

Fri, 02 Oct 2020

Corporate travel software company Serko raised $47.5 million in an oversubscribed placement at $4.55 per share, an almost 1 percent premium to the previous market price.The sale was underwritten at a minimum price of $4.35 per share, aiming to raise $45 million in a bookbuild run by Craigs Investment Partners in New Zealand and Ord Minnett in Australia.Serko shares on the NZX jumped 4.2 percent to $4.70 when trading opened and a halt was lifted.Craig’s head of private wealth research Mark Lister said the result was a big vote of confidenc...

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