ASX-listed metal manufacturing specialist Titomic was fronting institutional investors on Thursday morning with a $50 million capital raising.
The $345 million market cap company had its joint lead managers, Barrenjoey Markets and Bell Potter Securities, hunting for fresh equity to expand operations globally as it targets cashflow breakeven by 2027.
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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