Bubs Australia (ASX:BUB) completes $30m placement

Company News

by Rachael Jones

Bubs (ASX:BUB) Australia has raised $30 million placement the placement was priced at 95 cents a share.

And a $5 million share purchase plan.

The equity raised is expected to be used for increased marketing in China among other things.

Bubs is the market leader in goat dairy producing 65 per cent of all Australian goat milk products with a market cap of around $550 million.

Shares Bubs (ASX:BUB) last traded at $1.07.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.