Harmoney to raise A$70m in IPO

Tue, 03 Nov 2020

Online personal lender Harmoney has lodged a prospectus which would the company at A$353 million in an initial public offering on the ASX, with a secondary listing on the NZX. Harmoney will sell 26.4 million shares at A$3.50 apiece. Of that, about A$70 million will be new shares to fund Harmoney's growth aspirations, with the remaining $A22.5 million sold by existing shareholders.Founder Neil Roberts will sell 1.2 million shares for A$4.2 million, and chief executive David Stevens will sell 921,000 shares for A$3.2 million. Other share...

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