WCM Global Growth (ASX:WQG) completed its 1-for-10 non-renounceable entitlement and shortfall offer, raising about AU$39.8 million at AU$1.75 per share, according to a Friday filing with the Australian bourse.

The company earlier completed an institutional bookbuild to raise roughly AU$45 million through the placement of 25.7 million new shares, the filing said.

Shares rose 1% in morning trade on Friday.