NZ's Laybuy looks to deeper Aussie market for listing

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. ...

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