15th Apr 2019 15:20
LONDON (Alliance News) - Merian Chrysalis Investment Co Ltd on Monday said its targeted GBP50 million fundraise is now "well covered" by orders from investors.
The firm first announced its fundraise plans in late March, having raised GBP100 million in its initial public offering in November. It has since invested some 85% of that.
Merian, as a result of the orders, now believes the fundraise will total "significantly" in excess of GBP50 million.
Joint brokers Liberum Capital Ltd and Zeus Capital Ltd are running the placing.
Merian Chrysalis shares were 2.2% higher on Monday at a price of 115 pence each.
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MERI.L