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Serko Ltd (ASX: SKO) has announced an NZ$85 million capital raise.

Serko Ltd (ASX: SOV) has announced a proposed capital raising of NZ$85 million, comprising a fully underwritten offer of approximately NZ$75 million of ordinary shares to select institutional and other select investors, followed by a non-underwritten retail offer to Serko’s eligible existing shareholders with an address in New Zealand or Australia of up to NZ$10 million of ordinary shares. Proceeds from the equity raise will be used for growth with Booking.com for business customers, development of the global marketing strategy, and inorganic acceleration of global expansion opportunities.

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