Afterpay (ASX:APT) raises $136 million from retail investors

Company News

by Rachael Jones

Afterpay (ASX:APT) has raised $136 million from retail investors from its share purchase plan.

They offered eligible shareholders in Australia and New Zealand the opportunity to apply for up to $20,000 worth of new shares in Afterpay, without incurring brokerage or other transaction costs.

They received 10,110 valid applications, the average application was $13,300.

New shares were issued at $66 a share.

Shares in Afterpay (ASX:APT) are trading 7.17 per cent higher at $71.27.