BNPL play Zip Co in $12m raise via Shaw and Partners News13 Dec 2022

Zip Co Limited launched a snap $12 million share placement on Monday evening morning to help redeem some of its convertible notes early.

 

The offer was priced at 62¢ per share, which was a 13.3 per cent discount to Zip’s last close. Shaw and Partners was acting as the joint lead manager and the underwriter.

 

The broker was expected to shut the book at 8:30pm on Monday, a few hours after Zip announced the plans.

 

The raising comes as Zip invited some convertible note holders [$400m million Zero Coupon Senior Convertible Notes due 2028] to convert to Zip shares at $12.0576 per share, and receive a cash amount of $17,860 per $100,000 of existing notes.

 

The equity raising would pay for the cash incentive of the conversion.
Related Articles
News24 Jun 2025 Shaw and Partners Financial Services Expands into New Zealand with Strategic Acquisition
In a strategic move, Shaw and Partners Financial Services has acquired a 75% stake in Investment Services Group (ISG) for NZD 67.5 million. ISG is a leading Auckland-based investme... Read More
News23 Jun 2025 Shaw and Partners congratulates Broc Feeney on securing the Triple Crown in Darwin
Shaw and Partners congratulates Broc Feeney on securing the Darwin Triple Crown following an outstanding performance over the weekend.   The Red Bull Ampol Racing team delivered ex... Read More
News11 Jun 2025 Shaw and Partners welcomes Henry Song, Senior Private Wealth Adviser, to the Melbourne private wealth advisory team
Shaw and Partners is delighted to welcome Henry Song, Senior Private Wealth Adviser, to the Melbourne private wealth advisory team.   Henry brings a wealth of international experie... Read More
News10 Jun 2025 Celebrating 10 Years of Shaw and Partners in Adelaide
Ten years ago, in June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presence in South ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%