THE spate of private placements has sprouted over the past few months as companies start to navigate between a surge in share prices and the tougher conditions of securing funding.
Listed companies have been proposing private placements for a number of reasons, with the most common reasons being the need to raise working capital and funds for operational expansion or business diversification.
Understandably, many companies – particularly those in the small-cap range – have been strapped for cash as a result of the impact from the Covid-19 pandemic.
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