Online retailer raises funds to the tune of £4.2m

Online instrument retailer Gear4Music has announced a £4.2m fundraising mission to accelerate expansion plans. The AIM-listed retailer has achieved a placing of 610,000 shares at 690p per share and the placing of sale shares, bringing the total up to 1,449,000 shares, raising £4.2m. The fundraising, via an accelerated book build in which shares are sold in a very short space of time with little to no marketing, also includes the sale of shares by certain company directors which is says is in response to high levels of demand f... For the full story register now for free or login below...
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