An update from Generation Development Group Limited ( (AU:GDG) ) is now available.
Generation Development Group Limited has successfully completed the retail component of its equity raising, generating approximately $54.8 million. The funds will support the acquisition of Evidentia Group Holdings Pty Ltd and other growth initiatives. The retail offer was oversubscribed, with a participation rate of 120.1%, leading to a scale-back of applications under the Top-Up Facility. The new shares will be issued and commence trading in early March 2025.
More about Generation Development Group Limited
Generation Development Group Limited operates in the financial services industry, focusing on equity raising and investment initiatives. The company is involved in strategic acquisitions to enhance its market position and drive growth.
YTD Price Performance: 38.40%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.1B
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