boohoo group Plc (GB:BOO) has released an update.
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Boohoo Group plc successfully raised approximately £39.3 million through an oversubscribed retail offer, placing, and subscription of shares, priced at 31 pence each. The funds are expected to support the company’s growth initiatives, with the new shares slated to commence trading on AIM on November 26, 2024. This fundraising highlights investor confidence in Boohoo as it continues to expand its online fashion business.
For further insights into GB:BOO stock, check out TipRanks’ Stock Analysis page.
