THG raises £95m to fund Ingenuity split

THG has raised £95.4m to fund the spin-off of its loss-making technology Ingenuity arm into a separate company.
The group said it received strong support from new investors and existing shareholders during Thursday’s equity raise, which resulted in it exceeding its £75m fundraising target.
THG raised £67.7m via a placing with existing shareholders, £22.2m through a subscription agreement and £5.4m from retail investors.
Chief executive Matthew Moulding investe