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SafeCharge shares begin trading in London after raising $125m

2nd April 2014 8:16 am GMT

Online payment processor SafeCharge has begun trading on London’s Alternative Investment Market (AIM) today after an oversubscribed placing which raised US$125m (approximately £75.8m).

The company placed 46,759,260 new ordinary shares at 162 pence per share, raising $125m before expenses.

At admission, the total number of ordinary shares in issue will be 149,759,260, giving SafeCharge a market capitalisation of approximately $400m (£242.6m).

SafeCharge said that the net proceeds will be used to invest in its development and expansion, including [...]

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