CentralNic pads bank account with institutional placement.
Publicly traded domain name registry and registrar CentralNic (AIM: CNIC) has raised GBP 2.3 Million by placing 5,750,000 new 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 company’s ordinary share capital.
CentralNic can boast being the #2 backend registry for new top level domain names (in volume) behind Rightside Registry. This is thanks, in large part, to running .xyz, which accounts for about 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 company 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 small acquisitions.
ICANN CNNIC HKIRC Accredited Registrar