Pushpay raises $25 mln in bookbuild, plans US listing to support growth

Tue, 11 Jul 2017

By Sophie Boot July 12 (BusinessDesk) - Pushpay, the mobile payments app developer, is in a trading halt ahead of a $25 million bookbuild, which it says will accelerate its growth, and has raised its annualised committed monthly revenue (ACMR) target to US$100 million. The company, which is dual-listed on the ASX, also plans to list in the US within the next 36 months, it said today in its first quarter update. It gave guidance of US$70 million in revenue for the 2018 financial year, more than double 2017's US$34 million. Pushpay also...

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