The company issued 14 million new shares, representing about 5% of its total issued capital. Allocations were confirmed last night after the deal was upsized from its initial target of $300 million. JPMorgan acted as sole bookrunner and joint lead manager with Southern Cross Equities.
The deal is FortescueÆs first significant equity capital raising and is part of a new A$1 billion fund raising plan...
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