" GetSwift was in the market on Wednesday night, seeking to raise as much as $100 million.
The deal comprises a $75 million equity placement with the potential for oversubscriptions of a further $25 million, according to a term sheet sent to investors and obtained by Street Talk.
The offer price is $4 a share and the company is understood to have secured a cornerstone investor to anchor the deal.
Aesir Capital is managing the raising. Bids must be submitted to the Sydney-based broker by 5pm on Thursday.
GetSwift was already one of the floats of the past year before the Amazon news broke, with it already having hit the 1 million mark for transactions on its app by customers such as Lion Nathan, Just Eat, Pizza Hut and NA Williams in the September quarter.
Billionaire investor Alex Waislitz is a GetSwift shareholder and told The Australian Financial Review: "I think of GetSwift a bit like as if an Uber Eats style of operation had set out to disrupt the traditional FedEx style logistics model [and it appears to be a genuine disruptor in the traditionally cumbersome logistics space].
