UBS and Bell Potter have underwritten Liontown Resources’ equity raising for $375 million at $1.80 a share, or a 35.5 per cent discount to the last close.It is understood UBS is due to shut books for Asia Pacific investors at 9pm Sydney time, followed by 11pm for rest of the world.
The number being thrown around is $1.80 a share, which would be a roughly 18 per cent premium to Liontown’s undisturbed share price.
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