TP ICAP achieves 98.3% take-up on rights issue

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By Sam Kerr
17 Feb 2021

TP ICAP, the interdealer broker, received strong demand from its shareholders for its £315m rights issue to part-fund the acquisition of Liquidnet.

The company received orders for 221.5m new shares from its shareholders, raising £310.5m.

Shareholders bought at £1.40 a share, a 35.2% discount to the theoretical ex-rights price of £2.16 a share.

Investors were offered the chance to buy two new shares for every five they already own, a ...

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