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BlueBet Holdings Ltd. ( (AU:BBT) ) has shared an update.
betr Entertainment Limited has successfully completed the retail component of its $130 million equity raising, which was fully underwritten and aimed at funding the acquisition of PointsBet Holdings Limited. The retail entitlement offer raised approximately $15.6 million, with a participation rate of 14.4% from eligible retail shareholders. The new shares issued will rank equally with existing shares and are set to commence trading on 28 May 2025. This strategic move is expected to strengthen betr’s market position in the Australian wagering industry.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
More about BlueBet Holdings Ltd.
betr Entertainment Limited is a digital wagering operator listed on the Australian Securities Exchange, focusing exclusively on the Australian wagering market. The company is led by a board of prominent figures in the Australian wagering industry, including Matthew Tripp and Michael Sullivan, and boasts a highly experienced management team.
Average Trading Volume: 409,374
Technical Sentiment Signal: Buy
Current Market Cap: A$332.1M
For detailed information about BBT stock, go to TipRanks’ Stock Analysis page.