Pushpay launches bookbuild to sell $45.3 mln stake in company

Tue, 02 Jul 2019

By Rebecca Howard July 3 (BusinessDesk) - Digital church collection payment operator Pushpay Holdings has launched a fully underwritten bookbuild to sell 12.24 million shares, or 4.45 percent of issued capital, as former chief executive Chris Heaslip transitions to being a non-executive director. The partial sell-down represents 41.2 percent of the shares held by interests associated with Heaslip, who resigned as chief executive effective May 31. The offer size is valued at $45.3 million. The stock last traded at $3.79 and has gained...

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