ASX-listed Paladin Energy has successfully completed a $300 million equity capital raising, with Macquarie and Canaccord acting as underwriters. Paladin Energy is a uranium mining company focused on developing uranium projects. The offer was priced at $7.25 per share, representing an 8 per cent discount to the company’s previous closing price.
Simultaneously, Danish renewable energy company Ørsted also tapped the equity markets, announcing a 60 billion kroner (approximately $14.3 billion) rights issue. Ørsted is a global renewable energy company that develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants.
However, Ørsted offered a substantially larger discount. New shares were offered at 66 kroner, which is a 67 per cent discount to the previous closing price of 192.50 kroner. The disparity in discount rates reflects differing circumstances and market conditions for each company.
