trending Market Intelligence /marketintelligence/en/news-insights/trending/Jr06vloMAAXrsHHx8ziZKQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Earthport launches £25M shares offering


Banking Essentials Newsletter - February Edition


Fintech Intelligence: January 2021 Newsletter


Banking Essentials Newsletter, January edition - part 2

Banking Essentials Newsletter December Edition Part 2

Earthport launches £25M shares offering

London-based cross-border payment service provider Earthport Plc conditionally issued 125 million placing shares, raising gross proceeds before expenses of £25 million.

Placed at 20 pence apiece, the shares roughly translate to 20.4% of the company's enlarged issued ordinary share capital. The offering was oversubscribed, although Oppenheimer Funds will be able to maintain its 18.2% stake in the company by subscribing for 22,750,000 placing shares.

Trading of shares will commence on the London Stock Exchange's AIM on Oct. 24.