Pioneer Capital upbeat on Laybuy, no plans to sell down stake

Mon, 20 Jan 2020

Pioneer Capital, an investment firm that focuses on high growth export companies, has no plans to divest its 51 percent stake in the Kiwi buy now, pay later provider, Laybuy, that is looking to list on the Australian stock market.Laybuy is understood to be seeking around A$45 million in an initial public offering on the ASX by May, following a pre-IPO capital raising of A$10 million to A$15 million. “It’s very much about putting more fuel in the tank. The business is growing so quickly. It’s a great way of adding additional capital into th...

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