Betaville

1pm said to ...

Aim-listed 1pm is preparing to launch an equity capital fundraising to raise around £10 million to finance an acquisition of a rival.

Sources familiar with the matter said asset finance company 1pm has instructed stockbrokers Cenkos to lead the equity capital fundraising, which is expected to raise between £10 million and £12 million.

However, it's not clear whether 1pm is planning to raise the capital via a placing, open offer or rights issue. One person familiar with the matter said the fundraising could involve an open offer and a placing...