MySale has proposed a direct subscription to raise c£5.1m (A$9.3m). The new capital is being provided by the founders of Catch.com.au, one of Australia’s most successful online retailers, and should boost confidence in MYSL’s business model and future upside potential. The new holders will have a 9.1% stake. Some proceeds will be invested into its proprietary market place platform. Some may also be used to take advantage of new global branded inventory opportunities, resulting from the pandemic. ....
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Subscription (c£5.1m) to accelerate growth
- Published:
08 Oct 2020 -
Author:
Matthew McEachran -
Pages:
3
MySale has proposed a direct subscription to raise c£5.1m (A$9.3m). The new capital is being provided by the founders of Catch.com.au, one of Australia’s most successful online retailers, and should boost confidence in MYSL’s business model and future upside potential. The new holders will have a 9.1% stake. Some proceeds will be invested into its proprietary market place platform. Some may also be used to take advantage of new global branded inventory opportunities, resulting from the pandemic. ....