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Thursday
July 9, 2020
Good evening,
The buy now, pay later sector went gangbusters on Thursday.Afterpay, Splitit and Zip all posted big gains on not much news but none came close to Sezzle, which rocketed up more than 40 per cent to $6.95.
Tonight we take a look at how this trading is giving Sezzle and its broker, Ord Minnett, a serious headache. The pair are in the midst of stitching up a capital raising and after Thursday's trade, pricing the deal just got that much harder.
Meanwhile, we've got the scoop on which Aussie buyout fund is looking to offload its stake in a pharmaceuticals business.
And finally, we take a look at one of the biggest fundie FY20 returns we've come across and have an update on the sale of OPTrust's Aussie bus business.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors
Buy now, pay later tearaway Sezzle is facing a bigger uphill battle than usual to find a price for its $80 million capital raising.
Australian buyout firm Archer Capital is in talks to divest its stake in pharmaceutical ingredients company NZP.
The fundie updates are flowing thick and fast - and there's a wide range of numbers on the street.
It's a long time between stops on the OPTrust bus.
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