Seraphim Space IT raises £180m in oversubscribed IPO

Space is 'open for business'

Lauren Mason
clock • 2 min read
The trust has raised £178.4m via its initial issue of ordinary shares
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The trust has raised £178.4m via its initial issue of ordinary shares

The Seraphim Space investment trust has raised £178.4m via its initial issue of ordinary shares, following the announcement of its IPO on the 11 June.

The trust, which will invest in early-stage space tech firms, saw gross proceeds of £150m via the initial placing, the offer for subscription, direct subscriptions and the capital raise. A further £28m...

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