UPDATE: Pushpay in trading halt as co-founder Eliot Crowther to sell out; ditches US listing plan

Mon, 18 Jun 2018

(Adds and recasts with new detail) By Paul McBeth June 18 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer valued at $1.2 billion by market capitalisation, is in a trading halt as it prepares a bookbuild to let executive director Eliot Crowther exit the firm he co-founded, and has dropped plans to list in the US this year. The 24.8 million shares will be sold in a fully underwritten bookbuild ahead of Crowther's resignation, first as a director on June 21 then as an employee on July 31, Pushpay said in a statement....

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