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Booktopia equity crowdfunding

The board of Australian online book retailer Booktopia has decided to walk away from an equity crowdfunding campaign it launched in November after failing to reach its minimum target. The company had been hoping to raise between $3 million and $10 million at $1 per share on equity crowdfunding platform

Members of the public can buy a stake in Australian online retailer Booktopia. The ecommerce business was once headed for an ASX listing but shelved the idea in 2016. It’s now looking to raise capital through a less conventional method. Valued at $113.4 million, Booktopia is looking to raise $10