Generation Development Group Limited ( (AU:GDG) ) has shared an announcement.
Generation Development Group Limited has successfully completed the institutional component of its equity raising, garnering approximately $233.3 million. This funding will support the acquisition of Evidentia Group Holdings Pty Ltd and facilitate future growth initiatives. The institutional offer was met with strong interest from both existing and new investors, reflecting confidence in GDG’s growth strategy. The retail component of the equity raising will follow, allowing eligible retail shareholders to participate under similar terms.
More about Generation Development Group Limited
Generation Development Group Limited operates in the financial services industry, focusing on investment and development strategies. It seeks to enhance value through acquisitions and strategic growth initiatives, targeting both institutional and retail investors.
YTD Price Performance: 27.88%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €847.6M
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