LONDON (Alliance News) - Boku Inc said Thursday funds managed by Khosla Ventures, Deutsche Telekom Venture Funds, Benchmark Capital Partners, Andreessen Horowitz Fund, Index Ventures and GMO Venture Partners intend to sell a minimum of 20 million shares in the company.
The proposed placing represents about 9% of Boku's issued share capital and Peel Hunt LLP will act as the sole bookrunner.
The final number of shares to be placing and the placing price will be agreed by the bookrunner and the sellers at the close of the bookbuild.
The timing for the close of the bookbuild, pricing and allocations are at the "absolute discretion" of the bookrunner.
Boku, a mobile payments platform, will not receive any proceeds from the placing.
Shares in Boku closed Thursday trading at 183.00 pence each.
Boku (BOKU)