Pushpay’s bookbuild for co-founder’s stake sale fully underwritten at $4 a share

Mon, 18 Jun 2018

By Margreet Dietz June 19 (BusinessDesk) - Deutsche Craigs is seeking bids for the 24.8 million shares, or a 9.03 percent stake, in Pushpay Holdings that co-founder Eliot Crowther is looking to sell. The deal is underwritten at $4 a share, which is an 8.8 percent discount to the five-day volume weighted average price and values the stake at $99.2 million, the company said. The completion of the bookbuild, overseen by Deutsche Craigs and Craigs Investment Partners, is expected to be announced later today. Crowther is leaving the mo...

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