HUB24 (ASX:HUB) is pleased to announce that it has successfully completed a $50 million fully underwritten placement (Placement) of 2.5 million new fully paid ordinary shares in HUB24 (New Shares) to institutional and sophisticated investors at a price of $20 per New Share (Placement Price).
The Placement attracted strong demand from existing HUB24 securityholders as well as new investors. As a result, 2.5 million New Shares will be issued.
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