OPY 0.00% 19.5¢ openpay group ltd

Shaw was the manager of the deal, bids from institutional...

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    Shaw was the manager of the deal, bids from institutional investors are due by 5pm today




    Street Talk

    Canaccord raising for Openpay and PayGroup

    Mar 30, 2021 – 2.58pm

    Canaccord Genuity’s busy equity capital markets team had two deals in front of small cap fund managers on Tuesday.

    Canaccord Genuity had two deals in the market on Tuesday. Louise Kennerley

    The first was a $32.3 million placement for buy now, pay later fintech Openpay, to fund the company’s growth in the US, Australia and UK, according to terms sent to potential investors.

    New shares in the placement were being offered to funds at $2.03 each, which represented a 15.8 per cent discount to Openpay’s last close and a 22.4 per cent discount to its 20-day volume weighted average price.

    Shaw and Partners was a co-manager on the deal and bids were due by 5pm on Tuesday.


 
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