Why the Computershare (ASX:CPU) share price is on watch today

The Computershare Ltd (ASX: CPU) share price will return to trade today after nearly a week in a trading halt. This comes after a pre-market update on the group’s entitlement offer this morning.

What’s the latest on the Computershare share price?

Computershare this morning said it has completed the institutional component of its entitlement offer. The Aussie share registry group announced the underwritten 1 for 8.8 pro-rata accelerated renounceable entitlement offer on 24 March 2021.

The institutional entitlement offer raised ~$500 million at an offer price of A$13.55 per new share. Computershare reported a 94% take-up rate from eligible…