The Macquarie Group s recent capital raising has brought in $669 million from retail investors, making this the strongest ever retail response to a capital raising.
MacBank s initial target had been a modest $200 million through a Share Purchase Plan, but with 40% of eligible shareholders bidding for the stock at an average of $12,054 per bid, this was one for the record books.
This result, combined with an earlier institutional placement, has generated $1.2 billion in new capital for Macquarie.
The share price was up 11.9% on Monday, and a further 2.6% yesterday.
ASX Code: MGX
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