PensionBee Group PLC (GB:PBEE) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
PensionBee Group PLC has raised approximately £20 million through the issuance of 10.8 million new ordinary shares, representing 4.8% of its existing shares, with proceeds aimed at expanding its US business. The shares were placed at 185 pence each, matching the closing price on October 23, 2024. This strategic move is designed to support the company’s long-term growth plans and enhance its market presence.
For further insights into GB:PBEE stock, check out TipRanks’ Stock Analysis page.