Serko raises $15M in over-subscribed placement

Tue, 07 Aug 2018

By Paul McBeth Aug. 8 (BusinessDesk) - Serko shares will resume trading today after a $15 million placement was over-subscribed, raising funds for the online travel booking app developer to accelerate its global growth plans. The Auckland-based company sold almost 5.5 million shares at $2.75 apiece in a placement to 12 institutional investors in New Zealand and Australia and attracted strong participation from retail investors, it said in a statement. The offer was a 3.2 percent discount to the last trading price of $2.84. "The place...

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