Prospa: Announces IPO

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Prospa: Announces IPO

Prospa: SME lending startup, announces IPO after a 12-month delay, targeting valuation of $610 mn

  • Prospa expected to list on the ASX on 11 June 2019
  • They focus on customer experience and scalability
  • It is seeking to raise $109.6 bn with an IPO of new shares at a price of $3.78 per share
  • Which makes super-fast loans between $5,000 and $250,000 to small businesses
  • Prospa welcomes a range of high quality, long term investors to the share register including current shareholders
  • The IPO will see long term, venture capital investors Entrée Capital, Airtree and SquarePeg not selling any equity