https://www.copyright link/street-talk/bubs-australia-taps-investors-for...

https://www.copyright link/street-talk/bubs-australia-taps-investors-for-40-million-20180613-h11d2b

Bubs Australia was in the market on Thursday, seeking to raise $40 million, as foreshadowed by Street Talk.
The infant milk formula and organic infant food company mandated Bell Potter Securities and Morgans to manage the placement which it said could be upsized, depending on demand.
The offer price is 75¢ a share and the brokers asked for bids to be submitted by 4pm, according to a term sheet sent to fund managers.
Post the raising, Bubs' market capitalisation will be $328.32 million.

It comes only days after Bubs Australia announced a deal with online giant Alilbaba Group and local manufacturer Australia Deloraine Dairy, which was well received by investors.