NZ's Laybuy looks to deeper Aussie market for listing

NZ's Laybuy looks to deeper Aussie market for listing
Rebecca Howard
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. ...

More Retail

ComCom clears Woolworths ready-meal deal
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
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025
Grocery commissioner doubles down on supermarket shake-up
Retail

Grocery commissioner doubles down on supermarket shake-up

Pierre van Heerden wants to change wholesale supply and bring in a big third player.

Garth Bray 16 Apr 2025
Flexibility is ‘core’ to drivers: Australasian Uber chief
Retail

Flexibility is ‘core’ to drivers: Australasian Uber chief

Emma Foley says drivers want to be contractors, despite the court case opposing it.

Gregor Thompson 15 Apr 2025