Laybuy shareholders to pocket A$40m in ASX listing

Tue, 11 Aug 2020

Laybuy shareholders will take some money off the table in an A$80 million initial public offering on the ASX this month.The New Zealand buy now, pay later provider is offering the shares at A$1.41 apiece, selling 28.4 million new shares to raise A$40 million of fresh capital, while existing investors will sell a further 28.4 million to pocket A$40 million in the process. The company has already raised a net NZ$25.4 million this year through two separate pre-IPO convertible notes issues. Those instruments will convert to equity once the IPO...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Economy

NZ dollar benefiting from ‘sell US’ trade, more to come

The kiwi is at a five-month high.

Rebecca Howard 11:55am

Markets

Fed, tariff fears send Dow down over 900 points

Blue-chip index heads for its worst April since 1932.

The Wall Street Journal 10:30am

Fed, tariff fears send Dow down over 900 points

The Quiz Free

QuiznessDesk, Thursday, April 22

What type of animal is a sidewinder?Where in the human body would you find the Island of Reil?Where in Europe is Nicosia the capital of?Which city did the Romans call Eboracum? Originally called 40/50, what did Rolls-Royce's 1907 car later become known as?What was the surnam...

The Quizmaster 9:15am

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

More Retail

Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025