REUTERS: Seraphim Space Investment Trust, located in London, said on Monday that British billionaire Richard Branson has purchased a share in the space tech firm as part of a 178 million-pound (US$246.99 million) initial public offering. According to an emailed statement from Seraphim, which is slated to begin trading on the main market of the London Stock Exchange this week, Airbus SE also participated in the IPO and was among other parties to buy shares in the company.
Seraphim did not reveal the actual value of the stakes. Branson bought stock in Seraphim, a London-based company, in a sale that ended on Friday, according to Bloomberg. (1 US dollar = 0.7207 pounds) (Bengaluru-based Kanishka Singh contributed reporting; Sandra Maler edited the piece.)
Reuters is the source of this information./n
