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Sydney Airport share price lower after completing $2 billion equity raising – Motley Fool Australia
The Sydney Airport Holdings Pty Ltd (ASX:SYD) share price is dropping lower on Tuesday after completing its $2 billion equity raising…
The Sydney Airport Holdings Pty Ltd(ASX: SYD) share price has come under pressure on Tuesday following the release of an update on its equity raising.
At the time of writing the airport operator’s shares are down 2.5% to $5.60.
What did Sydney Airport announce?
On Monday Sydney Airport announced the completion of the retail component of its fully underwritten, pro rata accelerated renounceable 1 for 5.15 entitlement offer.
According to the release, approximately 53,000 of the company’s retai…
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