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Raiz Invest advised on ASX listing
FinTech app Raiz Invest has been advised on its acquisition, group restructuring and public offering by KPMG Law.
Jerome Doraisamy
Firm: KPMG Law (Raiz Invest Limited).
Value: On its listing, Raiz had an approximate market capitalisation of $120 million.
Area: Fintech, capital markets
Key players: The KPMG team was led by partner and Australian head of FinTech Astrid Raetze and director Hoda Nahlous, who was assisted by Nathan Jones, Dillon Fuzi and Bree Taylor.
Deal significance: Raiz lodged its prospectus with ASIC for the offer of 8.4 million fully paid ordinary shares at an offer price of $1.80 per share, raising over $15 million.
On its listing, Raiz had an approximate market capitalisation of $120 million.
Speaking about the matter, Ms Raetze said the team had worked tirelessly to deliver the project and outcome for Raiz within a tight time frame.
“I am proud of the dedication, reliability and expertise they demonstrated,” she said.
“It also highlights KPMG’s continuing support and focus on helping FinTech companies to grow and succeed in the Australian and international markets.”
“The Raiz offering completes a strong year for KPMG Law’s capital markets team,” she added.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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