While plenty of investors wanted in on the ASX listing of tech-based labour hire and recruitment company, Hiremii, which raised $6 million at 20 cents a share in an oversubscribed IPO, it seems plenty also wanted out today. The Perth-based company’s share price tanked more than 25% on the opening day of trade to close… Read more »
ASX-listed payments platform Tryo (ASX: TYR) is spending $22.5 million to acquire NAB-backed digital health payment startup Medipass Solutions The deal gives an exit for the four-year-old Melbourne-based startup’s key investor, NAB Ventures. Founder Peter Williams and CEO Jonathan Davey will also sell their stakes, in the 100% acquisition by Tyro, but will remain with… Read more »
ASX-listed payroll and HR software platform ELMO (ASX:ELO) is using artificial intelligence in a new people analytics product that can predict when people are looking to leave the business. The company said its Predictive People Analytics (PPA) module is the first phase of a suite of new machine learning developments to deliver data-driven insights and… Read more »
Australia’s love of reading has seen quarterly sales at ASX-list online retailer Booktopia soar 53% in a year. The company (ASX: BKG) had already upgraded its revenue and EDBITDA forecasts for FY2021 just two months after listing last December and today released its March quarter figures, saying it was on track to meet the upgraded… Read more »
Data analysis company Nuix, which posted stellar rises its share price, doubling on the opening day of trade following its IPO in December 2020, is in trouble with investors today after its latest earnings guidance revealed the company is set to miss some of its prospectus guidance by tens of millions of dollars. Shares in… Read more »
ASX-listed Afterpay is contemplating a US listing as global sales for the third quarter of FY21 continue to boom. The buy-now-pay-later (BNPL) fintech (ASX:APT) beat market expectations, with underlying sales overall up 104% on 12 months ago, while underlying sales in the US and UK were up 167% and 246% respectively for Q3 FY21. Quarterly… Read more »
Zip Co. (ASX: Z1P) has raised another A$400 million via a seven-year unsecured convertible notes to fund its international expansion plans. The not-yet profitable BNPL’s latest raise follows a similar $1.5 billion raise by Afterpay (ASX: APT) via convertible notes due in 2026. Co-founder and COO Peter Gray said they were “very pleased with the… Read more »
The Commonwealth Bank’s venture scaling arm, x15ventures, has invested $1 million for a 26.7% stake in bill payments startup Payble, a subsidiary of listed IT company Identitii (ASX: ID8). Payble tackles late and failed bill payments before they happen, seeing the possibilities in open banking through Consumer Data Right (CDR) to tackle a problem with… Read more »
The stellar rise on buy-now-pay-later fintechs on the ASX appears to have halted, with market leaders such as Afterpay falling briefly below $100 a share in trading today amid a three-month low for BNPL stocks. Afterpay (ASX: APT) ended the day up slightly at $101.50, but remains a long way off its mid-February high of… Read more »
Shares in casual jobs marketplace Airtasker have soared once again on the second day of trade since listing to close up 67% at $1.75 on Wednesday. Airtasker (ASX:ART) shares peaked at $1.94 briefly today having floated on Tuesday at an IPO price of $0.65. The gained more that 60% on the opening day of trade… Read more »
Casual jobs marketplace Airtasker made its debut on the ASX today, with the company’s shares rising 62% from their IPO price of $0.65 cents to close Tuesday at $1.05. Airtasker (ASX:ART) shares jumped nearly 80% in initial trade to be as high as $1.16, before settling around $1 in lunchtime trade. The jump was good… Read more »
Casual jobs marketplace Airtasker has been forced to delay today’s debut on the ASX by 24 hours following a stuff up in processing the paperwork by the exchange. The embarrassing mistake by the ASX means the listing of Airtasker (ASX: ART) will now take place at 11am Tuesday, March 23, rather than Monday. The ASX… Read more »
Afterpay investors received some good news today when Citi Research upped its price target for the buy-now-pay-later fintech’s stock from $115 to $124.80 following the release of the company’s earnings results. Citi has maintained a “Neutral” rating on the BNPL’s shares (ASX: APT), which soared to a record high of $160 last month, then went… Read more »
Afterpay (ASX:APT) shares are being smashed today after returning to trade today in a bad end to the month for tech stocks. The buy-now-pay-later fintech called a trading halt to its shares yesterday ahead of releasing its half-yearly results, which included a $79 million loss, despite analyst expectations of a maiden half-year profit, and plans… Read more »
Originations grew 265.3% from 4Q20 to 1Q21 and a further 25.9% from 1Q21 to 2Q21 NZ originations surpassed $100m in total loans H1 FY21 loan originations of $180.7m below pre-pandemic levels Revenue (before transaction costs) of $55.7m, down 26.4% H1 FY21 EBITDA of $4.1 million Lending by small business fintech Prospa Group remains below pandemic… Read more »
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