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The Unite Group: First retail investor fundraise
PrimaryBid was pleased to support The Unite Group plc, the FTSE 100 UK student accommodation sector leader, on its first capital raise including retail.
"We were delighted to partner with PrimaryBid to include new and existing retail investors in our recent capital raise. We value our retail investor base and giving them the opportunity to participate in equity fundraises alongside institutions is part of how we are building a diverse share register and long-term source of funding for the business."
About The Unite Group plc
The Unite Group plc is a FTSE 100 company that manages and develops purpose-built student accommodations. The Company provides homes for 70,000 students, across 162 properties in 23 university towns and cities.
The Offer
The Unite Group plc wanted to raise capital to commit to two new purpose-built student accommodation development schemes and accelerate asset management initiatives to enhance future returns.
PrimaryBid supported The Unite Group plc, the FTSE 100 UK student accommodation sector leader, on their fundraising, marking the first time the company has included retail investors in a fundraising.
The Unite Group plc leveraged the PrimaryBid platform to include retail investors in their capital raising for the very first time. Both existing shareholders and new investors were able to access the retail offer through one of multiple ways. Investors could choose to access through the PrimaryBid web platform and on the PrimaryBid app.
Or they could also take part through the an unrivalled network of retail brokers, wealth managers and investment platforms such as AJ Bell, Hargreaves Lansdown and interactive investor. Subscriptions through partners could be made from ISAs or SIPPs as well as General Investment Accounts.
The result
PrimaryBid’s retail offer saw strong demand and raised approximately £4m in the space of a few hours demonstrating how PrimaryBid's technology can be leveraged to effortlessly include retail as part of a capital raise.
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