Pushpay completes US$25M bookbuild

Company News

by Roma Christian

Pushpay Holdings Limited (ASX:PPH) has successfully completed the bookbuild for its US$25 million private placement.

The company says the book was heavily subscribed with all bids subject to scaling. The clearing price was NZ$1.51 per share.

Pushpay says interests associated with Chairman, Bruce Gordan, have participated in the bookbuild, which allocated about 149,000 additional shares at the clearing price.

The finance tech company says the bookbuild was conducted by Deutsche Craigs Limited and Ord Minnett Limited, as joint lead managers and underwriters.

Shares in Pushpay Holdings Limited (ASX:PPH) are trading 5 per cent higher to $1.67.