Serko to raise $15M at 3.2% discount to accelerate growth, mulls acquisitions

Mon, 06 Aug 2018

By Paul McBeth Aug. 7 (BusinessDesk) - Serko plans to raise $15 million selling shares at a 3.2 percent discount to institutional investors to speed up its growth trajectory having already raised revenue guidance. The Auckland-based online travel booking software developer will sell 5.5 million shares, or about 7.3 percent of the company, at $2.75 apiece to investors in a fully underwritten placement, it said in a statement. The funds raised will go towards bolstering working capital, which it said will give it more flexibility to speed...

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