Australia's Booktopia hits record low on discounted placement

Booktopia

03/07/2023 03:34

** Shares of Booktopia Group  BKG.AX  fall as much as 9.4%
to A$0.145, a record low
    ** Online book retailer says it has received firm
commitments to raise nearly A$6.5 mln ($4.32 mln) via placement
    ** The issue price of A$0.12 for placement represents a 25%
discount to co's last close on June 28 
    ** Stock down 20% YTD, as of last close


($1 = 1.5049 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))