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Hut Group ups size of placing to £320m following strong demand
StockMarketWire.com
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Online retailer The Hut Group said it had raised around $320 million from an up-sized equity issue.
The raising came after the company on Monday announced that Japanese investor SoftBank would invest $1.6 billion into its Ingenuity business in addition to an around $1 billion capital raising.
The capital raising, at 596p per share, was planned to include a subscription from Softbank of around $730 million and a placing of up to $270 million.
The placing size had been increased to $320 million following strong demand, the company said.
Story provided by StockMarketWire.com
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