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- Buy now, pay later provider Laybuy (LBY) has entered a trading halt in regards to an upcoming capital raising
- Laybuy is yet to disclose how much it intends to raise or what it will use the funds for once they have been received
- The company will remain in the halt until the earlier of May 20 or when a material announcement is made
- On May 14, Laybuy appointed John Gillian as General Manager U.K. and Europe
- John will be responsible for all of the company’s U.K. operations and will be responsible for developing and implementing strategies to drive growth
- Shares in Laybuy last traded at 68 cents on May 17
Buy now, pay later provider Laybuy (LBY) has entered a trading halt in regards to an upcoming capital raising.
The company will remain in the halt until the earlier of May 20 or when a material announcement is made.
Laybuy is yet to disclose how much it intends to raise or what it will use the funds for once they have been received.
On May 14, Laybuy appointed John Gillian as General Manager U.K. and Europe.
Prior to joining the company, John was Vice President of global adtech company, Criteo, and he spent nearly 10 years at Google in various leadership positions.
At Laybuy, John will be responsible for all of the company’s U.K. operations and will be responsible for developing and implementing strategies to drive continued growth.
Shares in Laybuy last traded at 68 cents on May 17. The company has a $118.6 million market cap.
