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PointsBet to raise AUD$122.1m as first quarter turnover soars

29th October 2019 9:08 am GMT

Sydney-listed sportsbook operator PointsBet Holdings is looking to raise AUD$122.1m through a new capital raising initiative.

PointsBet will undertake a fully underwritten placement of new ordinary shares to raise $60m at $3.60 per share, representing a 14 per cent discount on the company’s closing share price of $4.18 on Monday (Oct. 28).

Eligible shareholders will also be offered one new share for each six shares currently held at an offer price of $3.20 [...]

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