Bravura Solutions seeking $165 million equity raising

Company News

by Rachael Jones

Finance software company Bravura Solutions (ASX:BVS) is seeking $165 million fully underwritten institutional placement.

The deal has been underwritten at $5.50 per new fully paid ordinary share., representing an 11.9 per cent discount to the closing price yesterday.

Funds raised are earmarked for acquisitions and growth opportunities in current or new markets.

As previously reported their first half 2019 delivered revenue growth of 24 per cent, EBITDA growth of 28 per cent , and NPAT growth of 15 per cent.  

Shares in Bravura Solutions (ASX:BVS) Trading Halt - Last traded at $6.24.

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.