Investment Opps

Afterpay Ltd has gone into trading halt this morning after announcing a fully underwritten institutional Placement of new shares to eligible investors, to raise a minimum of $300m. The funds are to support Afterpay’s mid-term strategy.

Mirvac Group today announces that it is undertaking an equity raising comprising:

Prospa was founded in 2012, and has grown rapidly to be Australia’s #1 online small business lender, with over $1 billion in originations in Australia and New Zealand and a current net loan book of over $300 million. Prospa offers a range of fast, flexible cash flow finance solutions, with decisions and funding often made by the next business day.

St Barbara Limited (SBS) has announced a 1-for-3.1 pro-rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares in St Barbara at an offer price of $2.89 to raise approximately $490 million. The Entitlement Offer is underwritten. The proceeds of the Entitlement Offer are intended to be used to partially fund the acquisition by St Barbara of Atlantic Gold Corporation by way of a court-approved Canadian plan of arrangement.

Pengana Capital Group Limited (ASX: PCG), has launched Australia’s first ASX listed investment trust that invests in global private equity.