Merian Chrysalis exceeds expectations with £95m fundraise

Initially eyed £50m raise

Merian Chrysalis has raised £95m for an equity placing on the London Stock Exchange, almost doubling the fundraising target it set at the end of September.

Last week the trust announced the placing of equity at £1.48 per share in efforts to raise £50m to fund new investments, with the company allowing retail investors the opportunity to invest alongside institutional buyers via primarybid.com. In an update this morning (7 October) the board said it was "pleased with the strong response to the issue", which will allow managers Richard Watts and Nick Williamson "to use equity funding in executing the investment" in 'brandtech' firm You & Mr Jones, as well as "other pipeline and follow-on investments". Applications for the 64,189,189 new or...