Clifford Chance assists lender’s Australian IPO

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UK-based Clifford Chance advised Plenti Group, a technology-led consumer lending and investment business, in the company’s initial public offering (IPO) on the Australian Securities Exchange.

The offer implied market capitalization of A$280 million (US$198.7 million) in its A$1.66 offer price, and raised A$55 million, the largest IPO to date this year. There was no sell-down by the co-founders or other existing investors in this offer.

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