July 7 (Reuters) - Buy-now-pay-later firm Afterpay Ltd APT.AX said it plans to raise about A$800 million ($558 million), in a bid to capitalize on a surge in online shopping amid coronavirus-related lockdowns.
The capital raising includes a fully underwritten institutional placement to raise A$650 million, followed by a non-underwritten share purchase plan to raise a further A$150 million, the company said in its statement on Tuesday.
The company added that co-founders Anthony Eisen and Nicholas Molnar have each agreed to sell 2.05 million shares, representing 10% of their respective holdings in the firm. ($1 = 1.4337 Australian dollars)