DP Poland (LON: DPP) is coming back to the market for more cash. This is the eighth major share issue by the Poland-based Domino's pizza delivery franchise operator since the original flotation in July 2010 when £6.5m was raised at 50p a share. DP Poland still seems some way away from self-financing its business.
The latest £3m fundraising is at 8p a share, which is the same issue price as the placing and consideration shares when rival pizza business was acquired at the beginning of this year. It is also a premium to the market price.
The first fundraising after the flotation was at 60...