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.