Connect with us


Why the Afterpay (ASX:APT) share price is sinking 14% today – The Motley Fool Australia

The Afterpay Ltd (ASX:APT) share price has returned from its trading halt and been hit for six. Here’s why its shares dropped 14% today…



Article feature image

The Afterpay Ltd(ASX: APT) share price has returned from its trading halt on Friday.
At the time of writing, the payments company’s shares are down 14% to $116.00.
Why was the Afterpay share price in a trading halt?
Following the release of its half year results yesterday, Afterpay requested a trading halt so it could undertake a capital raising.
This morning the company announced the completion of the capital raising and revealed that strong demand led to management upsizing it.
According to the…

Click here to view the original article.

Continue Reading

You might also like ...

These were the best performing ASX 200 shares last week 15 May 2021
2 top ASX shares that WAM thinks are buys