Business
Could this be the saving grace for the Zip Co Ltd (ASX:Z1P) share price? – The Motley Fool Australia
Could the Zip Co Ltd (ASX: Z1P) share price finally make a breakthrough after a successful capital raising this week? Let’s take a look.
The Zip Co Ltd(ASX: Z1P) share price has given back all of its post-QuadPay acquisition gains in recent months and almost halved since its record all-time high of $10.64 back in August.
Its shares jumped as much as 6% on Thursday following a successful $120 million capital raising. However, the discount price and broader weakness in the market is likely to blame for its 3.7% slump today, at the time of writing.
With its plans to accelerate its growth and explore opportunities for international exposure,…
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