23rd Jan 2015 08:46
LONDON (Alliance News) - WANdisco PLC on Friday said it is seeking to raise USD24.8 million through a share issue to back expansion of the business.
The Big Data software company intends to issue 4.8 million shares at 375 pence per share, which will represent about 17% of the enlarged total.
Shares in WANdisco were up 2.6% to 400.00 pence on Friday morning.
The company said the placing is being launched to raise funds to be used to back the expansion of its business, with a focus on maintaining product development investment levels and expanding its global sales infrastructure.
By Sam Unsted; [email protected]; @SamUAtAlliance
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