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The latest announcement is out from Puma VCT 13 PLC ( (GB:PU13) ).
Puma VCT 13 plc has increased the size of its current fund-raising offer after strong investor demand for its new ordinary shares. The company originally sought to raise up to £50 million with an additional £20 million over-allotment facility and has now exercised that facility in full.
As a result, the maximum amount the trust can raise under the ongoing offer has risen to £70 million, expanding its capacity to deploy capital into qualifying venture investments. This enlarged raise underscores robust investor appetite for venture capital trust products and may enhance Puma VCT 13’s ability to scale its investment activities and broaden its portfolio of growth companies.
More about Puma VCT 13 PLC
Puma VCT 13 plc is a UK-listed venture capital trust that raises funds from investors to back a diversified portfolio of smaller, high-growth companies. It offers ordinary shares to investors seeking exposure to venture capital opportunities alongside associated tax-efficient investment structures in the UK market.
Average Trading Volume: 703,306
Technical Sentiment Signal: Strong Buy
See more data about PU13 stock on TipRanks’ Stock Analysis page.