Connect with us

Business

Mesoblast raises US$110 million, tech shares rebound

Published

on

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…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

2 buy-rated ASX dividend shares with generous yields
2 stellar ASX growth shares that could be strong buys