29th Oct 2020 16:35
Kape Technologies PLC - London-headquartered digital security and privacy software business - Raises USD115 million from placing and retail offer, upscaled from USD100 million as oversubscribed. Says 59.2 million shares placed at 150 pence each. Kape on Wednesday said proceeds will be used to buy USD72 million Kape stake owned by Andrew Lee and Steven DeProspero, founders of Private Internet Access subsidiary, and "strengthen Kape's balance sheet".
Current stock price: 160.26 pence
Year-to-date change: down 9.2%
By Eric Cunha; [email protected]
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