Intuitive Investments Group raises £9.6 million to accelerate Hui10 rollout in China
Why we think this is bad
The significant 18.37% discount to the previous closing price of the equity raise suggests low investor appetite and potential dilution for existing shareholders, which is a concerning sign for the company's financial health and growth prospects.
Key Points
- IIG raises £9.6 million through an equity placing at £1.00 per share
- Funds will be used to accelerate the rollout of Hui10's technology and platforms in China
- The placing price represents an 18.37% discount to the previous closing price of 122.5p
Summary
The technology company has raised £9.6 million through a discounted equity placing to fund the expansion of its Hui10 platform in China.
Intuitive Investments Group (IIG) has raised £9.6 million through an equity fundraise by issuing new ordinary shares at a price of £1.00 per share, representing an 18.37% discount to the previous closing price of 122.5p. The proceeds will be used to accelerate the rollout of Hui10's technology and platforms in China. IIG has already raised around £20 million to support the Hui10 business since October 2023.
Key Dates
16 June 2025
Admission of new ordinary shares to trading
PLACING