Harmoney IPO under way

Tue, 27 Oct 2020

Personal lender Harmoney is reportedly raising $98.6 million in an initial public offering on the Australian sharemarket.Jarden and Ord Minnett, the brokers managing the deal on behalf of the Kiwi company, formally launched the deal on Friday, according to the Australian Financial Review.Much of the A$3.50 per share offer has already been sold to cornerstone investors, with the rest to be doled out to other institutional investors and retail brokers in a bookbuild next Thursday.The company pioneered peer-to-peer lending before it ran afoul of t...

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