Business
Hub24 raising $60m for M&A – The Australian Financial Review
ASX-listed investment platform Hub24 was hunting a capital injection on Wednesday morning to fund an acquisition.
ASX-listed investment platform Hub24 was hunting a capital injection on Wednesday morning to buy rival listed platform Xplore Wealth, and for two other transactions.
Hub24 launched a capital raising on Wednesday morning. Jim Rice
Fund manager sources told Street Talk the $1.3 billion company was looking for up to $60 million in fresh equity, which would be used to buy Xplore via a scheme of arrangement.
Hub24 had E&P Corporate Advisory and Ord Minnett at hand to help it stitch up the raising, which…
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