After a several-day trading suspension and the delayed release of H1 results, the parent of Kathmandu, Rip Curl, and Oboz revealed it is selling shares at a 69% discount as part of a NZ$65.3 million ($38.0 mm) capital raise. The offering, underwritten by Goldman Sachs and Forsyth Barr, includes a NZ$6.8 million placement open to eligible institutional shareholders and new investors, and a 1 for 0.73 accelerated renounceable entitlement offer at NZ$0.06 a share, while KMD shares’ last trade price was NZ$0.195 on Mar. 25. The institutional investor AREO placement is ... Log in to view full article.