Business
Afterpay brokers launch $400m share auction – The Australian Financial Review
Afterpay’s three brokers have kicked off the second and final leg of the group’s $1.5 billion capital raising.
The parcel of shares was to help set up a delta hedge, designed to strip out equity associated with Afterpays new convertible notes.
The brokers said the block trade may also contain shares owned by Afterpay co-founders Anthony Eisen and Nick Molnar, who had announced they would sell up to 450,000 shares each to establish Private Ancillary Funds for charitable purposes.
Goldman, JPMorgan and Citi were calling for bids by later on Thursday night. The same three brokers also led the convertible notes…
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