Pushpay shares drop 4.8% after $100M bookbuild completed

Tue, 19 Jun 2018

By Sophie Boot June 19 (BusinessDesk) - Pushpay Holdings shares dropped 4.8 percent after the mobile payment app company completed a $100 million bookbuild to let executive director Eliot Crowther exit the firm he co-founded. The 24.8 million shares were sold at $4.04 apiece. The stock last traded at $4.37 on the NZX yesterday, down 1.1 percent before being halted, and fell to $4.16 shortly after that halt was lifted this afternoon. Settlement for transfer is due on Thursday. The bookbuild was oversubscribed, with bids subject to scali...

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