The NZ BNPL player was initially looking to raise up to $45 million for its IPO but it is understood the company could now shoot for up to $60 million. The targeted market capitalisation is unchanged at about $200 million.
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The fresh capital would be used to fund Laybuy's balance sheet, allowing it to increase its loans. Laybuy is active in Australia, New Zealand and the United Kingdom and requires its customers to pay back their purchases in six weekly instalments.
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NZ buy now, pay later outfit Laybuy readies IPO roadshow round two
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