July 7 (Reuters) - Afterpay Ltd APT.AX :
* ASX ALERT-TRADING UPDATE, CAPITAL RAISING AND CO-FOUNDER SELL-DOWN-APT.AX
* ALSO ANNOUNCES A CAPITAL RAISING OF APPROXIMATELY $800M
* ANNOUNCES A CAPITAL RAISING OF APPROXIMATELY $800M THAT INCLUDES A FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE $650M
* UNDERLYING SALES IN Q4 FY20 WAS $3.8B, 127% ABOVE Q4 FY19
* NON-UNDERWRITTEN SHARE PURCHASE PLAN THAT AIMS TO RAISE APPROXIMATELY $150M
* NET TRANSACTION MARGIN FOR FY20 IS EXPECTED TO BE APPROXIMATELY 2%
* CO-FOUNDERS, ANTHONY EISEN AND NICHOLAS MOLNAR HAVE EACH AGREED TO SELL 2.05M SHARES, REPRESENTING 10% IN CO
* NET TRANSACTION LOSS FOR FY20 IS EXPECTED TO BE UP TO 55 BASIS POINTS
* EBITDA (EXCLUDING SIGNIFICANT ITEMS)2 FOR FY20 IS EXPECTED TO BE BETWEEN $20-25M
* EXPANSION INTO CANADA & ROLLOUT OF IN-STORE IN US EXPECTED IN Q1 FY21
* MERCHANT REVENUE MARGINS FOR FY20 EXPECTED TO BE IN LINE WITH OR BETTER THAN H1 FY20 & FY19
* FY21 EXPECTED TO BE A YEAR OF INCREASED INVESTMENT FOR CO
* ON CAPITAL RAISE, PRICING WILL BE DETERMINED VIA AN INSTITUTIONAL BOOKBUILD, WITH AN UNDERWRITTEN FLOOR PRICE OF $61.75 PER NEW SHARE
* ADDED AVERAGE OF 20.5K NEW CUSTOMERS PER DAY IN Q4 FY20