Zip Co Ltd Targets Growth with Capital Raise

Zip Co Ltd. (AU:ZIP) has released an update.

Zip Co Ltd has launched an equity capital raise, aiming to collect A$217 million through a fully underwritten share placement and up to an additional A$50 million via a non-underwritten share purchase plan. The funds will primarily facilitate the early repayment of corporate debt, improving the company’s balance sheet and providing additional liquidity for future growth. This strategic move is expected to enhance shareholder value starting in FY25.

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