Harmoney prepares for battle in Australia

Tue, 03 Nov 2020

Harmoney’s initial public offering has added more than A$60 million to the company’s war chest as it prepares itself for a challenge in Australia.The offer's prospectus, released ahead of the mid-November float on the ASX and NZX, shows the company will have A$61.4 million of new money to fund and market new lending after covering the A$8.6 million offer costs and carving out A$22 million for some existing shareholders to enjoy an early payday.New investors are banking on the online personal lender replicating its New Zealand su...

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