RIO News: Trending tickers: Asos | Rio Tinto | Marvell | Costco - 26th May 2023, 9:31pm

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Investors are questioning if Asos fundraise be enough. Photo: Gonzalo Marroquin/Getty for Nordstrom and ASOS

Asos (ASC.L)

Asos shares fell after initially jumping 9% on Friday after the online fashion retailer announced plans to boost its balance sheet through a new long-term £275m ($339.9m) financing facility alongside a £75m placing as it continues to restructure the business.

Existing shareholders Aktieselskabet and Camelot Capital Partners participated in the capital increase, Asos ...

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