Business
Nearmap deal ‘covered through range’: Citi – The Australian Financial Review
Nearmap raises while one of its directors also sells part of his stake.
Nearmap’s equity raising and director selldown is expected to price at or close to the top of the advertised price range, following an auction by Citi.
Citi’s equities desk was calling for Nearmap bids by 5pm, Sydney time. Supplied
Citi sent a book message to fund managers early on Thursday afternoon that said: “The book is covered through the range”.
The auction was slated to close at 5pm, Sydney time.
Citi was seeking buyers for 26 million new Nearmap shares at $2.69 to $2.77 a share, and…
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