PrimaryBid was pleased to support FTSE 250 storage company Big Yellow Group plc (LSE:BYG), on its recent fundraise.
Big Yellow raised approximately £110 million through “a placing to institutional investors, the company’s executive directors, plus a retail offer via the PrimaryBid platform with the proceeds being used to build out the Group’s existing pipeline of stores.”
PrimaryBid’s retail offer reportedly “saw strong demand from retail investors in the space of a few hours and the offer represents the 11th FTSE 350 transaction that PrimaryBid has been mandated on since the beginning of 2023.”
Existing shareholders and new investors were “able to participate through PrimaryBid’s website, app and through its partner network of investment platforms, retail brokers and wealth managers.”
The PrimaryBid retail offer was only “available to investors in the UK.”
In another update, PrimaryBid said it was pleased to support FTSE 100 water company Severn Trent plc (LSE:SVT), on its recent fundraise.
Severn Trent raised approximately £1 billion “through a placing to institutional investors, a subscription by Severn Trent directors, a subscription by the Qatar Investment Authority and a PrimaryBid retail offer which was on the same terms as institutions.”
This retail offer was also “open to Severn Trent employees to participate in and marked the second time the company has used PrimaryBid to include retail investors in its fundraising.”
PrimaryBid’s retail offer was “allocated approximately £7 million in a deal that saw strong demand from retail investors in the space of a few hours.”
This demand was significantly “in excess of the legacy EUR 8m cap currently set under the Prospectus rules.”
Existing shareholders and new investors “were able to participate through PrimaryBid’s website, app and through its partner network of investment platforms, retail brokers and wealth managers.”
The PrimaryBid retail offer was only “available to investors in the UK.”
For more details on this update, check here.
