British billionaire Richard Branson has bought a stake in space tech fund Seraphim Space Investment Trust (IPO-SERA.L) as part of a 178 million-pound ($246.99 million) initial public offering, London-based Seraphim said on Monday.
Billionaire entrepreneur Richard Branson wears his astronaut's wings at a news conference, after flying with a crew in Virgin Galactic's passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021.
also participated in the IPO and was among other parties to buy shares of the company, according to an emailed statement by Seraphim, which is set to commence trading this week on the main market of the London Stock Exchange. The exact amount of those stakes was not disclosed by Seraphim. Bloomberg reported earlier on Monday that Branson had purchased stock in London-based Seraphim in a sale that closed on Friday.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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