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BlueBet Holdings Ltd. ( (AU:BBT) ) has issued an announcement.
BlueBet Holdings Ltd announced the completion of an underwritten placement, issuing 44,117,659 new shares to institutional investors at $0.34 per share, as part of its growth strategy. This placement was conducted without the need for disclosure under specific sections of the Corporations Act, demonstrating compliance with relevant regulations and enhancing BlueBet’s financial positioning to support its expansion efforts.
More about BlueBet Holdings Ltd.
BlueBet Holdings Ltd is an international online wagering provider and bookmaker listed on the Australian Stock Exchange. The company operates in Australia and the United States, utilizing a proprietary cloud-based technology platform that supports rapid scaling and offers white-labelled solutions for B2B partners. BlueBet emphasizes a mobile-first strategy to deliver a premium user experience through its websites and apps.
YTD Price Performance: 23.33%
Average Trading Volume: 278,192
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$212.3M
For an in-depth examination of BBT stock, go to TipRanks’ Stock Analysis page.
