Stockbroker Bell Potter hit the ground running on Monday, launching capital raisings for Israel-based defence tech player Elsight and drug developer Amplia Therapeutics.
Elsight, whose shares have risen more than 400 per cent year-to-date, was looking for about $60 million in fresh funds via single-tranche placement. Bells were offering the shares at $1.70 apiece, or an 11.7 per cent discount to the last close, according to a term sheet in front of listed equities investors.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com