Hypoport drops after private placement at discount

Hypoport SE

20/01/2023 07:17

** Shares in Hypoport  HYQGn.DE  are down 5% in early
Frankfurt trade after the German financial services provider
raised EUR 50 mln in accelerated book building
    ** Hypoport sells 378,788 ordinary shares at an offering
price of 132 euros/share
    ** Applied discount amounts to 4.0% based on the three days
volume weighted average price on XETRA, the company says
    ** Placement price is 9.7% lower than the stock's closing
price of EUR 146.2 on Thursday
    ** Stock seen at the bottom of German smallcap index
 .SDAXI 
 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))