Shaw and Partners appointed as Lead Manager to the proposed capital raising by Rhipe Limited News20 Apr 2020

Shaw and Partners is pleased to be appointed as Lead Manager to the proposed capital raising by Rhipe Limited (ASX.RHP).


The Company is proposing to raise up to approximately $33.6 million, via a Placement of up to approximately 21.0 million new ordinary fully paid shares at $1.60 per security.


The offer price of $1.60 represents a 9.6% discount to last close of $1.770, a 9.3% discount to 5-day VWAP of $1.765 and a 9.5% discount to 10-day VWAP of $1.767.


Rhipe will utilise the proceeds of the offer to enhance balance sheet flexibility for opportunistic acquisitions.


The offer is available to Australian resident Sophisticated and Professional Investor clients only.


rhipe Limited is a market leader in cloud and service provider software licensing in the Asia Pacific. It provides its partners with a complete end to end cloud solution, and distributes and aggregates subscription licensing models for service providers from many of the world’s leading software vendors, including Microsoft, Citrix, IBM, Red Hat and VMWare.


For more information please contact your Shaw and Partners Adviser.


Related Articles
News20 Sep 2021 Healthia raising $60m to buy Back in Motion’s 64 physiotherapy clinics
ASX-listed diversified healthcare group Healthia is raising $60 million to fund the acquisition of 64 physiotherapy clinics from Back in Motion.   Heathia will split the raise as a... Read More
News13 Sep 2021 Superhero snaps up $15m via Shaw and Partners, IPO in new year Share trading
Share trading group Superhero has raised $15 million in a private funding round targeted see it through to an initial public offering slated for early next year. It is understood... Read More
News10 Sep 2021 Shaw and Partners picks up five new advisers, moves to $30b AUM
Shaw and Partners boss Earl Evans has unveiled five new private client advisers for the firm’s offices across the country.   It is understood Shaw management told staff on Thursd... Read More
News10 Sep 2021 Shaw and Partners extends its sponsorship of the Manly Sea Eagles
Manly Warringah Sea Eagles have received a further boost heading into week one of the NRL finals with Shaw and Partners Financial Services confirming a two year extension of their ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%