Shaw and Partners appointed as Lead Manager to the proposed capital raising by Rhipe Limited News20 Apr 2020

Shaw and Partners is pleased to be appointed as Lead Manager to the proposed capital raising by Rhipe Limited (ASX.RHP).

 

The Company is proposing to raise up to approximately $33.6 million, via a Placement of up to approximately 21.0 million new ordinary fully paid shares at $1.60 per security.

 

The offer price of $1.60 represents a 9.6% discount to last close of $1.770, a 9.3% discount to 5-day VWAP of $1.765 and a 9.5% discount to 10-day VWAP of $1.767.

 

Rhipe will utilise the proceeds of the offer to enhance balance sheet flexibility for opportunistic acquisitions.

 

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

 

rhipe Limited is a market leader in cloud and service provider software licensing in the Asia Pacific. It provides its partners with a complete end to end cloud solution, and distributes and aggregates subscription licensing models for service providers from many of the world’s leading software vendors, including Microsoft, Citrix, IBM, Red Hat and VMWare.

 

For more information please contact your Shaw and Partners Adviser.

 

Related Articles
News18 Nov 2020 Shaw and Partners raids Wilsons private wealth team
Shaw and Partners is going to need a few more desks in its Sydney office.   Street Talk understands the stockbroking and advisory firm has raided Wilsons' private wealth arm, sna... Read More
News16 Nov 2020 Shaw and Partners appointed as Joint Lead Manager to the NAB Capital Notes 5 offer
National Australia Bank Limited (NAB) today announced its intention to raise $750 million through the offer of NAB Capital Notes 5 (NCN5), with the ability to raise more or less. N... Read More
News16 Nov 2020 Liberty Financial fronts funds for $1.8b float. Shaw and Partners appointed Co-Manager to the raising.
Look what the cat dragged in!   After more than 15 years in the initial public offering pipeline - and with the market trading at 20-times forward profit and float window wide op... Read More
News13 Nov 2020 Shaw and Partners extends its sponsorship of Women's National Basketball League Adelaide Lightning
Shaw and Partners is delighted to have extended its sponsorship of Women's National Basketball League (WNBL) team Adelaide Lightning for an additional three years.  The sponsorship... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%