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Octopus Apollo VCT Expands Fundraising Capacity to £75 Million

Story Highlights
  • Octopus Apollo VCT operates in the financial services industry, focusing on venture capital trusts.
  • The company increased its fundraising capacity to £75 million, enhancing its investment potential.
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Octopus Apollo VCT Expands Fundraising Capacity to £75 Million

Octopus Apollo VCT ( (GB:OAP3) ) has shared an update.

Octopus Apollo VCT plc has announced the utilization of the over-allotment facility for its offer for subscription, increasing the maximum fundraising capacity to £75 million. This move signifies the company’s strategic effort to expand its capital base, potentially enhancing its investment capabilities and solidifying its position within the venture capital trust market.

More about Octopus Apollo VCT

Octopus Apollo VCT plc operates in the financial services industry, primarily focusing on venture capital trusts (VCTs). These trusts are designed to provide investors with access to a diversified portfolio of high-growth, small to medium-sized UK companies, offering tax-efficient investment opportunities.

YTD Price Performance: -0.44%

Average Trading Volume: 408,759

Technical Sentiment Consensus Rating: Strong Sell

See more insights into OAP3 stock on TipRanks’ Stock Analysis page.

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