Qube’s capital raising success

QUB is one step closer to the Patrick ports business as it successfully raises funds for the Asciano takeover.

The retail demand for the Qube Logistics (QUB) capital raising was very strong, with 78.9 per cent of eligible shareholders taking up their one for 4.4 shares entitlement offer. There was also strong demand for additional shares beyond the entitlement offer amount. The final scale back was 62.12 per cent of additional new shares (beyond the entitlement).

 The new shares commenced trading on April 11 and less than a month later the stock is at $2.50 - approximately 22 per cent higher than the $2.05 offer price.

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