Stockholm-listed sports betting affiliate Better Collective has closed a directed new share issue of 4m shares to raise capital for its M&A growth strategy.
The new share issue was closed at a price of SEK78 per share and will raise proceeds of around SEK312m (approx. €29.5m) before transaction costs.
The company said that the new share issue was significantly oversubscribed due to high demand from Nordic and international institutional investors.
“I am very pleased to see the broad-based interest [...]
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