Pushpay shares sold at 8.5% discount in bookbuild, gain in early trading

Wed, 12 Jul 2017

By Sophie Boot July 13 (BusinessDesk) - Pushpay Holdings shares are trading higher this morning following the close of a $25 million bookbuild where they were sold at an 8.5 percent discount. The mobile app developer announced the private placement yesterday in its first quarter update, though it didn't give details about the number of shares sold or the price. Disclosure notices published to the NZX today show shares were sold at $1.51 apiece, compared to the $1.65 they closed at on Tuesday, and 11 percent lower than the 90-day average o...

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