Zip Co: Its shareholders doubled their money this year

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Zip Co: Its shareholders doubled their money this year

Zip Co: Payments company, its shareholders have more than doubled their money this year

  • There are two main ways to play the thematic in Australia, Afterpay Touch Group or Zip
  • Zip Co’s shares traded around $1 mark for most of last year, while Afterpay’s rocketed
  • Its shares started the year at $1.09, climbed to $1.40 by mid-February and have doubled since
  • They have cashed in on heat in its share price and raised $50 million or so in a placement via Shaw and Partners last month
  • It subsequently received bids for another $35.8 million worth of shares in a share purchase plan, which was capped at $5 million
  • Big cards, personal loans player takes a look at Zip Co