2nd Oct 2020 09:05
(Alliance News) - Technology focused venture capital firm Draper Esprit PLC on Friday said it has raised GBP110 million through an oversubscribed placing of 19.8 million shares at 555 pence each.
The placing price represents a premium of 0.5% to Draper Esprit's 552p per share closing price on Thursday. The stock on Friday was up 8.3% at 598.02p each.
Draper Esprit, in its initial announcement late Thursday, had said it hoped to raise GBP100 million for potential future investments.
By Tapan Panchal; [email protected]
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