Boku Status
The company raised GBP 45 million in its initial public offering on the London stock exchange under the ticker symbol of BOKU on November 20, 2017. A total of 76,271,186 shares were sold at a price of GBP 0.59 per share. After the offering, there was a total of 213,487,177 outstanding shares (excluding the over-allotment option) priced at GBP 0.59 per share, valuing the company at GBP 125.9 million. The total proceeds, before expenses, to the company was GBP 15 million and to the selling shareholders was GBP 30 million. In the offering, the company sold 25,423,728 shares and the selling shareholders sold 50,847,458 shares. The company intends to use the proceeds for working capital requirements and investment oppurtunities.
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