As expected, Quarto completed its secondary share offer, raising $16.7 million in net proceeds. They say existing shareholders took 57 percent of the new shares, with the Giunti family taking a significant stake and CK Lau filling the rest of the offer. The Giuntis did acquire 6.2 million shares as planned. (Update: It was confirmed later in a filing at the end of February that Lau acquired approximately 9.4 million of the new shares, boosting the stake he controls to 16.27 million shares, or 39.8 percent of the company.) Separately, Australian online bookseller Booktopia has bought the assets of the […]
