trending Market Intelligence /marketintelligence/en/news-insights/trending/tMm2aqxLA2kAjhflIMAU4g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Zip raises A$42.8M in share placement

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Zip raises A$42.8M in share placement

Zip Co Ltd. raised A$42.8 million through a placement of 28 million ordinary shares.

The issue price for the shares was A$1.53 per share. The shares are expected to be allotted and issued March 22.

The shares represent about 8.9% of the issued capital of the company.

Zip is also raising up to A$5 million in a share purchase plan to eligible shareholders. Shareholders can subscribe for shares at the same issue price of A$1.53 per share.

The company is also raising up to A$8.9 million in a top-up placement to Westpac Banking Corp. The bank may subscribe for up to 5,812,448 more shares in the company to allow Westpac Banking to keep its percentage shareholding in Zip. The lender has until April 1 to advise the company if it would take up its entitlement. If Westpac does not take up the entitlement in full, Zip may offer the remaining shares to other investors.

The company plans to use the funds raised in the issue to accelerate growth and strengthen its balance sheet, as well as for product and market expansion.