Business
Why the Afterpay (ASX:APT) share price is sinking 14% today – The Motley Fool Australia
The Afterpay Ltd (ASX:APT) share price has returned from its trading halt and been hit for six. Here’s why its shares dropped 14% today…
The Afterpay Ltd(ASX: APT) share price has returned from its trading halt on Friday.
At the time of writing, the payments company’s shares are down 14% to $116.00.
Why was the Afterpay share price in a trading halt?
Following the release of its half year results yesterday, Afterpay requested a trading halt so it could undertake a capital raising.
This morning the company announced the completion of the capital raising and revealed that strong demand led to management upsizing it.
According to the…
-
General20 hours agoCalifornia worker dead and hundreds arrested after cannabis farm raid
-
Noosa News19 hours agoUnlawful wounding charges, Caloundra – Sunshine Coast
-
General23 hours agoWallaroos fall to Black Ferns 37-12 in Wellington Test
-
General12 hours agoWest Indies-Australia live: Third day-night Test in Jamaica