Afterpay Touch Group Limited (Afterpay) is pleased to advise that it has successfully completed a fully underwritten institutional Placement to eligible investors, raising $117 million to fund Afterpay’s international expansion strategy.

Commenting on the successful completion of Placement, Afterpay Executive Chairman, Anthony Eisen said: “We feel privileged to have received the high-quality backing of investor support for Afterpay, and are pleased not only to have received such strong support from our major shareholders, but also to welcome several additional high-quality institutions onto our register.”

Placement Pricing for the Placement was determined via an institutional bookbuild, with an underwritten floor price of $15.75 per share. The Placement was ultimately priced at $17.05 per share and was at the top end of the Placement price range, representing a 2.5% discount to the 5 day VWAP to close of trade on 22 August 2018.

For further information see https://www.afterpaytouch.com/investor-centre 

About Afterpay Touch Group

Afterpay Touch Group (APT) is a technology driven payments company with a mission to make purchasing feel great for a global customer base. Afterpay is driving retail innovation by allowing leading retailers to offer a ‘buy now, receive, pay later’ service that does not require end-customers to enter into a traditional loan or pay any upfront fees or interest to Afterpay. Afterpay currently has approximately 2.3 million customers and approximately 17,700 merchants on-boarded. Touch comprises innovative digital payment businesses servicing major consumer facing organisations in the telecommunications, health and convenience retail sectors in Australia and overseas.