UK fashion retailer ASOS raises 247 million sterling in placing

LONDON (Reuters) - British online fashion retailer ASOS Plc said it had raised 247 million pounds via a placing, to help it shore up its finances in case of a prolonged business downturn from the coronavirus pandemic.ASOS, which said on Tuesday it was planning the equity raising, said on Wednesday it had placed 15.8 million new shares at a price of 15.60 pounds per share, equivalent to 18.8% of its ordinary share capital prior to the placing.