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MoneyMe makes ASX debut
Gilbert + Tobin has advised MoneyMe on its initial public offering (IPO) and listing on the Australian Securities Exchange (ASX).
Emma Musgrave
Firm: Gilbert + Tobin (MoneyMe)
Value: The offer raised $45 million and at the IPO listing price gives MoneyMe a market capitalisation of approximately $210 million.
Area: Corporate
Key players: G+T corporate advisory partners Costas Condoleon and Adam D’Andreti led the transaction, with assistance from advisory lawyers Wes Bainbridge, Syavie Ghamry and Nicholas Chan.
The corporate advisory team was supported by lawyers across a number of practice groups, including G+T’s fintech practice which was led by partner Peter Reeves with the support of lawyers Georgina Willcock and Catherine Collins.
Deal significance: MoneyMe is described by G+T as a digital consumer credit business that delivers an innovative loan offering to tech-savvy consumers by leveraging its technology platform and big data analytics.
Founded in 2013, MoneyMe has originated more than $340 million in loans through its risk-based lending platform, a statement from the firm noted.
“We are delighted to have helped MoneyMe achieve such a significant milestone. It is great to see such strong support for an innovative and founder-led business joining the ASX boards, in an IPO market which has been challenging at times,” lead partners Mr Condoleon and Mr D’Andreti, said.
“We are extremely proud to have steered MoneyMe through the IPO process and helped them achieve this critical step that puts them in a great position to pursue their next phase of growth.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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