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 »
The company behind pets marketplace Mad Paws listed on the ASX on Friday and its shares ended up 20% at $0.24 cents when the market closed, having jumped 54% in early trade. The IPO raised $12 million at 20 cents per share for a market cap of $42.9m at listing. The listing was more than… 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 »
US listed retail commerce platform Lightspeed POS will pay up to US$350 million (A$450m) to acquire New Zealand cloud-based retail management software company Vend. Founded in 2010 by Vaughan Fergusson, Vend became the first point of sale on the iPad, and first POS to be based in the cloud. Vend’s revenue in 2020 was around… 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 »
Australian marketing company Sensis, publisher of the Yellow and White Pages, has been sold for A$260 million to US Nasdaq-listed Thryv Holdings. Thryv is a supplier of small business software in the US and owner of the Yellow Pages brand in the states. The price represents a significant haircut for US private equity firm Platinum… 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 »
BNPL market leader Afterpay (ASX:APT) posted a loss of $79.2 million in the second half of 2020, despite doubling revenue and sales, as well as its net transaction margin. Some analysts were expecting (perhaps hoping?) for a maiden half year profit, but the $79.2m loss after tax came from a net loss on potential liabilities… 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 »
Online design platform Canva is bolstering its capacity in the artificial intelligence (AI) and automation space with the acquisition of two European design startups. The Australian unicorn has bought Austrian AI platform Kaleido.ai, which built the popular background removal tool remove.bg and Unscreen, as well as Czech-based product mockup generator Smartmockups. The acquisition costs were not disclosed.… Read more »
Andrew Bassat will step down as MD and CEO of Seek, the online jobs site he co-foundered with his brother, Paul, at the end of the financial year, with former CBA boss Ian Narev taking over from July 1. Narev joined seek as COO and chief executive of its Asia Pacific and Americas division in… Read more »
Revenue up 51.1% to $112.6 million Underlying EBITDA (adjusted for IPO and conversion of preference share costs) up 502.3% to $8m 4.2 million orders shipped FY21 revenue forecast increased to $217.6million with EBITDA of $12.9 million. $19.78m loss due to $4m in IPO costs and share conversion Record growth from newly listed online book… Read more »
When tech billionaire Bevan Slattery emerged with a $2 million stake in ASX-listed Rent.com.au last Tuesday, having bought a 10% of the proptech startup at 5 cents a share, the company’s share price surged more than 200% on the day. The Megaport and NextDC founder bought in through Capital Trust, his family’s early stage investment… Read more »
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