Business
Here’s why the Zip (ASX:Z1P) share price is in focus today – The Motley Fool Australia
The Zip Co Ltd (ASX: Z1P) share price is one to watch as the company looks to wrap up its $30 million share purchase plan.
The Zip Co Limited (ASX: Z1P) share price is on watch this morning as the buy now, pay later (BNPL) leader continues its capital raising spree.
Why is the Zip share price on watch?
Zip has now conducted a fully underwritten placement of new fully paid ordinary shares to institutional, sophisticated and professional investors.
The Aussie BNPL group managed to raise $120 million before costs at an issue price of $5.34 per share. That compares to a closing Zip share price of $5.11 after falling 1.2%…
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