Business
Could this be the saving grace for the Zip Co Ltd (ASX:Z1P) share price?
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, could this be the saving grace for the Zip share price moving into 2021?
Equity raising for growth
On Wednesday, Zip announced a capital raise of up to $150 million to bolster its US growth and UK expansion, explore new markets…
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