AO.com raises £50m through share placing
Bolton-based online domestic appliances company AO World has raised £50m through a share placing - its first fundraising since its 2014 initial pubic offering (IPO).
The placing of around 38 million new shares represents around 9% of the company's existing share capital.
The money raised will be used to support continued growth and increase scale, provide flexibility to react to market opportunities and changes, and strengthen its balance sheet for supplier partners, the company said.
AO World also reported that turnover is ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
