Webjet (ASX:WEB) bosts equity raising

Company News

by Rachael Jones

Webjet (ASX:WEB) has successfully completed its $115 million institutional placement and the institutional component of its 1 for 1 accelerated nonrenounceable pro-rata entitlement offer.

The Institutional Offer raised approximately $231 million from the subscriptions for new fully paid ordinary shares in Webjet at a price of $1.70 per New Share.

The Equity Raising is now expected to raise a total of approximately $346 million of gross proceeds

Bain Capital Bain Capital has been allocated and agreed to subscribe for $25 million of shares in the Placement.

Shares in Webjet (ASX:WEB)

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.