Australia's Prospa delays trading after $112m IPO
Prospa, an Australian financial technology company backed by a number of local VCs, has raised A$146.5 million ($112 million) in a domestic IPO. Trading of the stock has been postponed, however, amid a regulatory review.
Prospa said in a filing that it issued about 40.3 million shares at A$3.64 apiece on June 5. The company, which provides small business loans, was expecting to list with a valuation of A$576 million. About...
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