Laybuy blows past listing price on ASX debut

Mon, 07 Sep 2020

Kiwi buy now, pay later firm Laybuy’s shares soared as much as 63 percent on debut on the ASX.Laybuy’s shares began trading on the Australian exchange at 2pm New Zealand time, rising as high as A$2.30 from the A$1.41 offer price. They recently traded at A$2.24, up almost 59 percent. More than 12 million shares had been traded.About 57 million shares in the company were sold in the initial public offering, including more than 20 million new shares, valuing Laybuy at more than A$240 million.Of the A$80 million raised in the IPO, co-fo...

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