It’s a big day for ASX-listed Opthea, an eye therapies developer with a near $500 million market capitalisation.
The company is in front of investors seeking a $US70 million equity injection, which it needs to secure as part of a bigger $US240 million funding deal.
Opthea has told investors that two lenders, Carlyle and ABW, will tip $US120 million into the company, with an option to increase by another $US50 million. Their funds would be used to help Opthea get market approval for one of its mooted products, OPT-302, and the financiers would receive success payments if it happened.Advertisement
Opthea’s broker MST kicked off a two-tranche placement on Thursday morning. Jefferies was also on board for the US leg of the raising.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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