LONDON (Alliance News) - Boku Inc said on Friday that funds managed by Khosla Ventures, Deutsche Telekom Venture Funds, Benchmark Capital Partners, Andreessen Horowitz Fund, Index Ventures and GMO Venture Partners have sold 25.0 million shares at a price of 160 pence per share.
Shares in the mobile payments platform were down 6.0% at 172.00 pence on Friday.
The sale was conducted through an accelerated bookbuild, for which Peel Hunt acted as the sole bookrunner. The shares sold represent 11% of Boku entire issued share capital.
Boku will not receive any proceeds from the placing.
Boku (BOKU)