Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Boohoo sees retail investors take up small portion of fundraising allocation

Published 18/11/2024, 07:15
© Reuters Boohoo sees retail investors take up small portion of fundraising allocation

Proactive Investors - Boohoo (LON:BOOH) Group PLC (AIM:BOO) has raised roughly £400,000 from a share offer to small investors, as part of the £39.3 million fundraise it announced last week.

The online fashion group, which issued the shares at 31 pence per share, said it will use the funds entirely to pay off debt.

Only 1.25 million shares out of a possible 19.35 million available in the retail offer were taken up, with the rest being taken up by institutional investors through a "clawback" process.

Boohoo said last week the fundraising was "oversubscribed", suggesting demand for the shares is currently mostly from fund managers.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.