Past performance is not necessarily indicative of future returns. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Everything You Need to Know About Tech Investing. }); Be the first to share what you think! scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top Learn about investing with our Investing Education hub. Be the first to share what you think! The securities of Zip Co will be placed in trading halt session state at the request of the Company, until the earlier of the commencement of normal trading on 3 June 2020 or when the announcement is released to the market. We offer investors a variety of opportunities in the digital assets industry. The halt, which can happen a few times a day per security if FINRA deems it, usually lasts for one hour, but is not limited to that. Zip co-founder Peter Gray has revealed Zip is planning to expand into a trading platform. 26 votes, 33 comments. The news of the potential capital raise comes one day on from Zip posting strong quarterly results. 71. Please refer to our Financial Services Guide (FSG) for more information. ZIP Trading Overseas AB Welcome to ZIP Trading - we help you to make better business. With the Zip share price up 72% since the start of the year, it appears as though management sees now as an opportune time to raise money at good price. Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214, jQuery(document).on('click', 'a[href^="#"]', function (event) { View Entire Discussion (0 Comments) More posts from the ausstocks community. Hear our experts take on shares, the market & how to invest. Woke up today to see a trading halt on Z1P, freaked out for a moment but looks like it'll be a good thing, something about … The buy now pay later provider has raised $120 million from institutional investors at a 4.1% discount of $5.34 per new share. Why was there a trading halt on zip? 0 comments. You can unsubscribe at anytime. the company is seeking the trading halt to assist in managing its disclosure … Sign Up for Take Stock Why was there a trading halt on zip? A day after ASX placed the securities of digital retail finance and payments services provider Zip Co Ltd (ASX:Z1P) in trading halt at the request of the company, Zip announces that it has entered into an agreement to acquire the remaining shares in the New York based “Buy Now, Pay Later” (BNPL) provider QuadPay Inc. for scrip consideration. The credit card disrupter narrowed its net loss to $6.8 million for the six months ended December 31, from a $14.6 million loss a year earlier. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. Its shares last traded at $1.66 on Tuesday and will stay halted until the earlier of Friday or when the proposed raising, first revealed by Street Talk on Wednesday, is completed. Join Our Premium Community behavior: 'smooth' }, 500); Afterpay Touch rival and buy-now, pay-later provider Zip Co has gone into a trading halt before a capital raising announcement. Zip said in an ASX announcement that it would raise capital from "sophisticated and professional investors". Afterpay Touch rival and buy-now, pay-later provider Zip Co has gone into a trading halt before a capital raising announcement. Please remember that investments can go up and down. best. James Mickleboro has no position in any of the stocks mentioned. report. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Close. Win at Retirement And what does it mean? It will now seek to raise a further $30 million via a share purchase plan. save. 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And given the rate in which its US-based Quadpay business is growing, Zip’s convertible notes are likely to be an attractive proposition for many investors. An impressive trading update from Zip Co Limited saw its share price finish the day nearly 17% higher, which now means Zip’s valuation has climbed nearly 35% since the start of the month.. Zip’s current valuation is still around 33% lower after its most recent rally which saw its share price reach around $14.50 during February. At one stage today, the buy now pay later (BNPL) provider’s shares were up as much as 9% to $10.61. Why is the Zip share price in a trading halt? Listen to Our Podcast Privacy Policy | After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. Creso Pharma requested a trading halt on Wednesday pending the release of a “material operational update” in relation to its proposed acquisition target, Halucenex Life Sciences. Zip Co Limited (ASX: Z1P) – Trading Halt Description The securities of Zip Co Limited (‘Z1P’) will be placed in trading halt at the request of Z1P, pending it releasing an announcement. Updated Mar 13, 2019 – 4.36pm, first published at 10.02am Afterpay Touch rival and buy-now, pay-later provider Zip Co has gone into a trading halt before a capital raising announcement. Read the latest Trading Halt news from Zip Co Limited (ASX:Z1P) Trading Halt - Zip Co Limited (ASX:Z1P)