Laybuy shareholders to pocket A$40m in ASX listing

Laybuy shareholders to pocket A$40m in ASX listing
Rebecca Howard
Laybuy shareholders will take some money off the table in an A$80 million initial public offering on the ASX this month.The New Zealand buy now, pay later provider is offering the shares at A$1.41 apiece, selling 28.4 million new shares to raise A$40 million of fresh capital, while existing investors will sell a further 28.4 million to pocket A$40 million in the process. The company has already raised a net NZ$25.4 million this year through two separate pre-IPO convertible notes issues. Those instruments will convert to equity once the IPO...

More Retail

Weed companies making more money selling beer than cannabis
Retail

Weed companies making more money selling beer than cannabis

Firm’s big bet on dope so overoptimistic it’s relying on market it once aimed to disrupt.

Bloomberg 15 Sep 2024
Law change means no more gift-card unhappy endings
Retail

Law change means no more gift-card unhappy endings

Prezzy card lost its fight to be excluded from the three-year-expiry rule.

Jem Traylen 12 Sep 2024
BlackRock funds Westgate development
Finance

BlackRock funds Westgate development

 $235 million package signed. 

Victoria Young 12 Sep 2024
Ikea on track for late 2025 Auckland launch
Retail

Ikea on track for late 2025 Auckland launch

Ikea's market research reveals New Zealanders' unusual garage habits.

Greg Hurrell 12 Sep 2024