File Photo: Billionaire entrepreneur Richard Branson moves to the edge of space on the Virgin Galactic passenger rocket-powered aircraft VSS Unity near Truth or Consequences, New Mexico, USA, on July 11, 2021. Depart with the crew before boarding.Reuters / Joe Skipper
July 12, 2021
(Reuters) -British billionaire Richard Branson has purchased shares in the space technology fund Seraphim Space Investment Trust as part of an initial public offering of £ 178 million ($ 246,990,000), London said. Seraphim, based in Japan, said on Monday.
Airbus SE was also one of the other parties to participate in the IPO and buy its shares, according to an email statement from Seraphim, which will open trading on the London Stock Exchange’s major markets this week.
The exact amount of those stakes was not revealed by Seraphim. Bloomberg reported on Monday that Branson had bought a stake in London-based Seraphim at a sale that ended Friday.
($ 1 = 0.7207 lbs)
(Report by Kanishka Singh in Bangalore, edited by Sandra Maler)
This Article firstly Publish on texasnewstoday.com