Finance

PointsBet to raise $257m to fund US marketing spend and tech platform

Operator is offering shareholders the chance to swap out 6.5 shares for 1 at $8 each

PointsBet is seeking to raise $257m to fund customer acquisition in the US and develop its tech platform. The ASX-listed company is offering up to 23.6 million new shares and 11.8 million options under an Entitlement Offer, which is expected to raise $112m. A new Placement will offer up 18.2 million additional shares at $8…

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