NZ's Laybuy looks to deeper Aussie market for listing

By Rebecca Howard | Fri, 17 Jan 2020


New Zealand buy now, pay later provider Laybuy plans to list on the Australian stock exchange by May as it looks to benefit from a trail blazed by Afterpay. The aim is to raise around A$45 million in an initial public offering, following a pre-IPO capital raising of A$10 million to A$15 million that's seeing “exceptional interest,” said one person with knowledge of the business. The pre-IPO capital raising will be wrapped up in early February and the focus will then shift to the listing, which is expected to be equally well received. ...