Serko soars on booking.com backing; WDT seeks capital

Fri, 25 Oct 2019

Serko shares jumped 29 percent when trading resumed after institutional investors clamoured to buy into the travel management software developer after it emerged booking.com's owner was backing the firm. The shares rose 98 cents to $4.40 with 4.5 million shares traded at 3pm, well up on its 37,000 daily average over the past three months. Serko sold $40 million of new shares at $4.04 apiece, and shareholders including chief executive Darrin Grafton and chair Simon Botherway sold a further $16 million into the placement, which was over...

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