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 [...]
