THG raises £95.4m to fund demerger of Ingenuity division

THG raises £95.4m to fund demerger of Ingenuity division

THG, a UK e-commerce company, raised £95.4m in an oversubscribed equity raise to fund the demerger of its technology arm, Ingenuity. Existing shareholders, including CEO Matthew Moulding, contributed £50m.

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