Reebonz Holding: Drops on plans for stock deal a day after 220 pct surge
28/03/2019 11:32
** Shares of Reebonz Holding RBZ.O drop ~24 pct to $21.32
premarket after e-commerce co files for a $20 mln stock offering
** Other terms of the deal not disclosed urn:newsml:reuters.com:*:nFWN21F093
** Deal comes a day after RBZ shares surged 220 pct on no
apparent news, with stock halted multiple times in the session
for volatility
** Reebonz's market cap was about $76 mln as of Wednesday's
close, based on 2.7 mln shares outstanding -Refinitiv data
** RBZ's YTD gains are at ~68 pct, after a 79 pct slump last
year
(Reporting by Savio D'Souza)
((RM:savio.dsouza.thomsonreuters.com@reuters.net))