Global digital payments solution company, Splitit’s securities at a trading halt
Splitit Payments Ltd (ASX: SPT), based in Sydney and headquartered in Tel Aviv, Israel, offers credit card-based instalment solutions to merchants and businesses in over 27 countries. Incorporated in 2008, the company’s market capitalisation stands at around AUD 256.17 million to date. It debuted on the ASX on 29th January 2019 after an oversubscribed initial public offering (IPO), which raised AUD 12 million upon the issue of 60 million shares (AUD 0.20 each) to institutional and sophisticated retail investors.
With approximately 269.66 million outstanding shares, the SPT stock last traded at a price of AUD 0.950, on 15th May 2019. Thereafter, the securities of Splitit Payments were placed in a trading halt at the request of the company, pending the release of an announcement. The halt is expected to last until the earlier of the commencement of normal trading on Monday, 20th May 2019 or whenever the announcement is released to the market.
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Source: Global Digital Payments Solution Company, Splitit’s Securities At A Trading Halt – Kalkine Media
