12/12/2019

Gilbert + Tobin has advised MoneyMe on its initial public offering and listing on the ASX. The offer raised $45 million and at the IPO listing price gives MoneyMe a market capitalisation of approximately $210 million.

MoneyMe is 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.

Costas Condoleon and Adam D’Andreti, the Corporate Advisory Partners who led the transaction, said:

“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. 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”.

Costas and Adam were supported by Corporate 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 Willock and Catherine Collins.

Gilbert + Tobin’s market-leading Corporate Advisory team, which boasts some of Australia’s leading M&A and Capital Markets lawyers, has advised on many of Australia’s largest and most innovative transactions, including high profile IPOs such as Viva Energy’s $2.65 billion IPO, the largest ever non-government IPO, and ASX-listed Yancoal’s dual primary listing on the Hong Kong Stock Exchange and the associated initial public offering of its shares to raise HK$1.605 billion, the first dual primary listing of a company on the ASX and HKEx. We are currently ranked 1st for Q3 2019 for number of deals as legal advisor to the manager, and 2nd to the issuer, by Bloomberg and ranked Band 1 in ECM by Chambers Global 2019.

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