Boohoo prints ‘bullish’ raise for post-Covid M&A
Boohoo, the UK online fashion retailer, priced a £197.68m equity capital raise on Thursday night, to raise funds to take advantage of M&A opportunities in the global fashion industry brought about by the coronavirus pandemic.
Jefferies and Zeus Capital were bookrunners on the placing.
Boohoo raised £197.7m through 58m new shares, representing 5% of the company's issued share capital, at £3.40 a share - a 3.2% discount on the closing price that day.Unlike numerous other Covid-19 capital raises, Boohoo was not ...
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