Reglikedomain industry desk

CentralNic raises £2.3 Million

CentralNic raises £2.3 Million

CentralNic pads bank account with institutional placement.

centralnicPublicly traded domain name registry and registrar CentralNic (AIM: CNIC) has raised £2.3 Million by placing 5,750,000 fresh ordinary shares. The shares were sold at 40 pence each, above yesterday’s closing mid-market price of 34.5 pence. Shares are trading between 37.50 pence and 39.00 pence today.

The shares will represent 8.58% of the firm’s ordinary share capital.

CentralNic can boast being the #2 backend registry for fresh top level domain names (in volume) behind Rightside Registry. This is thanks, in sizable part, to running .xyz, which accounts for regarding one million domain names. It also sells a number of third level registrations as pseudo country domains, such as .us.com and .de.com.

The firm also owns domain name registrar Internet.bs.

CentralNic will use the money for general working capital purposes and to be in a position to make modest acquisitions.

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