Business
Why the Afterpay (ASX:APT) share price is sinking 14% today – The Motley Fool Australia
The Afterpay Ltd (ASX:APT) share price has returned from its trading halt and been hit for six. Here’s why its shares dropped 14% today…
The Afterpay Ltd(ASX: APT) share price has returned from its trading halt on Friday.
At the time of writing, the payments company’s shares are down 14% to $116.00.
Why was the Afterpay share price in a trading halt?
Following the release of its half year results yesterday, Afterpay requested a trading halt so it could undertake a capital raising.
This morning the company announced the completion of the capital raising and revealed that strong demand led to management upsizing it.
According to the…
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