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Time Out seeks to raise £2m more than planned amid hopes for post-pandemic boom

Time Out seeks to raise £2m more than planned amid hopes for post-pandemic boom April 1, 2021, 8:30 am The Time Out Market in London’s Waterloo has been delayed to 2022 due to Covid-19 (Nick Potts/PA) Publisher Time Out is to tap markets for £2 million more than initially planned as it prepares to make the most of a “renaissance” when Covid-19 restrictions lift. The company said there has been strong demand from institutional investors – a group that includes banks, pension funds and hedge funds – to participate in its plan to raise £15 million. Bosses have therefore increased the amount they are seeking to raise by £2 million to £17 million, representing around 17.1% of the company’s shares.

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