Payments venture Laybuy eyes ASX listing
Buy now, pay later specialist Laybuy is looking to list on the Australian stock exchange (ASX) to fund its expansion plans.
A source told RNZ Business that this should happen by June. "Mainly because all of our competitors (which include Afterpay) that are listed, are listed on the Australian market," they commented.
“Laybuy will raise between A$10 million and A$15m ahead of the listing, and wanted to raise at least A$45m in its initial public offering, with details of the offer yet to be determined,” RNZ Business reports.
“It has not yet filed a prospectus with the Australian Securities and Investments Commission, which is required before listing on the ASX.”
Hitting the UK
Last year, Laybuy launched in the UK in a partnership with Footasylum. The company started life in New Zealand and is majority owned by investment firm Pioneer Capital.
It did not respond to our request for comment regarding an ASX listing.