S4 Capital, which has a market value of more than 1.5 billion pounds, will issue stock equivalent to around 6.52% of the company’s equity capital through a so-called accelerated bookbuild, according to an exchange statement on Wednesday.that now is the time to think aggressively,” said Sorrell by phone, acknowledging the risks of new waves of the coronavirus.
HSBC Holdings Plc and Dowgate Capital Ltd. are acting as joint global coordinators on the share issue, according to a statement, and will also serve as joint bookrunners alongside Jefferies International Ltd. Sorrell launched S4 in 2018 shortly after his abrupt resignation as chief executive officer of WPP, which he had built over the course of more than three decades into the world’s largest provider of advertising and marketing services. S4 has hired 200 people during the pandemic, he said.beat his former employer in an auction for the Dutch digital agency MediaMonks Multimedia Holding BV.
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