BERLIN (dpa-AFX) - Financial services provider Hypoport plans to raise fresh money by issuing new shares. The company is aiming for gross issue proceeds of around €50 million from the capital increase, Hypoport announced in Berlin on Thursday. The new shares will be offered by means of an accelerated placement procedure, and shareholders' subscription rights will be excluded. As of Thursday's Xetra closing price, Hypoport had a market capitalization of just under €950 million. The SDax-listed share lost more than six percent in after-hours trading on the Tradegate trading platform.

The final number of new shares and the placement price will be determined by the

will be determined by the Board of Management with the approval of the Supervisory

and subsequently published, according to the statement. It said Hypoport intends to use the additional capital to take advantage of "growth opportunities in the current phase of market upheaval in real estate finance." The first trading day of the new shares and delivery to investors is expected to take place on or around January 27, 2023./nas/mis