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Equity Bottom-Up

<p>WANdisco has raised $16.5m by issuing 3m shares at 425p, a 23% premium to Friday's 350p closing price. The issue was supported by existing tech-focused investors including Davis, Global Frontier, Ross Creek and Acacia from the US and Herald from the UK. The company has reaffirmed FY19 revenue guidance of $24m, implying $18m in H2. We see this as a positive indicator that the inflection in financial performance we anticipated in our report On the cusp? is on track.</p>

WANdisco has raised $16.5m by issuing 3m shares at 425p, a 23% premium to Friday's 350p closing price. The issue was supported by existing tech-focused investors including Davis, Global Frontier, Ross Creek and Acacia from the US and Herald from the UK. The company has reaffirmed FY19 revenue guidance of $24m, implying $18m in H2. We see this as a positive indicator that the inflection in financial performance we anticipated in our report On the cusp? is on track.

WANdisco - Raises $16.5m, H2 guidance confirmed

WANdisco plc

WANdisco - Raises $16.5m, H2 guidance confirmed