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Mesoblast raises US$110 million, tech shares rebound



At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) is pushing higher again. The benchmark index is currently up 0.3% to 6,810.9 points.

Here’s what is happening on the market today:

Mesoblast raises US$110 million

The Mesoblast limited (ASX: MSB) share price has returned from its trading halt and is tumbling lower. This morning the biotechnology company revealed that it has raised US$110 million via a private placement led by a strategic US investor group. Mesoblast raised the funds at $2.30 per share, which represents a 6.5% discount to its last close price. Following the completion of the private placement, Mesoblast will have pro-forma cash-on-hand of US$187.5 million.

Tech shares continue to rebound

Australian tech shares…

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