Electrical contractor SCEE gets its $150m raise at razor-thin discount (opens original article in a new tab)

Southern Cross Electrical Engineering successfully raised $150 million through a share placement at a 4.2% discount to the last closing price.

• Southern Cross Electrical Engineering raised $150 million through a share placement
• The shares were priced at $4 each, a 4.2% discount to the last close
• Macquarie Capital and Barrenjoey Capital Partners initiated a variable price bookbuild