26th Mar 2019 11:19
LONDON (Alliance News) - Merian Chrysalis Investment Co Ltd on Tuesday announced a plan to raise GBP50 million, just five months after raising double that in its float in London.
Merian raised GBP100 million in its initial public offering last November, and most of this, 85%, has been invested in a range of companies.
These include online travel firm Secret Escapes, e-commerce business Hut Group, and digital challenging bank Starling Bank.
Merian said it now has a near-term pipeline of "attractive" investments which suit its targets, and it is in talks with eight potential investees across a number of sectors.
Merian will decide the price of the placing, and the number of shares to be offered, once it closes. The placing will be run by Merian's joint brokers Liberum Capital Ltd and Zeus Capital Ltd.
The stock was 1.0% lower on Tuesday at a price of 111.39 pence each.
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MERI.L