Bapcor (ASX:BAP) completed its retail entitlement offer, raising AU$43.5 million at a fixed price of AU$0.60 per new share, according to a Tuesday filing with the Australian bourse.
The offer had a 48% take-up rate, amounting to about 34.6 million new shares, the filing said.
Roughly 37.9 million new shares, representing entitlements that were not taken up by eligible retail shareholders under the offer and entitlements of ineligible foreign retail shareholders, will be allotted to the sub-underwriters, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.