How many Share Purchase Plans has there been since COVID-19?
The COVID-19 pandemic is causing a wave of discounted capital raisings. From mid-March to 31 July 2020, the largest 300 operating entities listed on ASX:
- undertook 37 Share Purchase Plans (SPPs)
- issued $4bn of new shares and units
- at an average discount of 9% to the closing price on the SPP closing date