BlueSky completes oversubscribed offering for $49m | Finance News Network

BlueSky completes oversubscribed offering for $49m

Company News

by Kathy Skantzos

Brisbane-based investment company BlueSky Alternatives Fund (ASX:BAF) has raised approximately $49 million in an oversubscribed offering.

The shortfall facility which opened yesterday was closed on the same day due strong uptake, with an offer of nearly 20 million new shares.

The offer was brought to investors through a book build process that was supported by a range of investors and financial planners nationally.

The new shares will be allotted with holding statements on 24 November 2017.

The facility was managed by financial firms Ord Minnett, Taylors Collison and Shaw and Partners.

Shares in BlueSky (ASX:BAF) are trading flat at $1.24.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.