IOUpay (ASX:IOU) Secures Binding Commitments for $10.01 Million Placement

  • November 09, 2020 12:20 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    16970 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

On 9 November 2020, fintech solutions provider IOUpay Limited (ASX:IOU) announced raising A$10,055,300 through two tranches of private placements, supported by new and existing investors.

Tranche 1 raised A$3 million and Tranche 2 raised A$7.01 million. The shares have been offered at A$0.16 per share when combining both the tranches.

The company issued a total placement of 62,845,625 ordinary shares comprising 20,408,163 and 42,437,462 via Tranche 1 and Tranche 2, respectively.

Proceeds from the funds will be used for working capital purposes and expediting new product development.

On 9 November 2020, IOU traded at A$0.202 per share at 11:20 AM AEST, with a market capitalisation of A$71.87 million.




The website is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK