ASX Limited
(ASX:ASX) has raised $267 million in the first stage of its equity raising aimed at netting more than half a billion dollars.
The ASX says it’s completed stage one of a fully underwritten offer to raise proceeds of around $553 million, with about 96 per cent of new shares taken up.
ASX previously announced it will use the proceeds to replace the existing $250 million unsecured, non-recourse debt facility of ASX Clearing Corporation with equity capital, as well as to contribute $200 million additional equity to ASX Clear.
Remaining funds will be used to fund current and future growth initiatives and support other licensed subsidiaries of ASX, it says.
The group says the retail component of the entitlement offer opens on Monday June 17.
The ASX generated a net profit of $171.1 million in the first half of the current financial year.
