Business
Pepper adds another $50m to IPO, now raising $500m – The Australian Financial Review
Non-bank lender Pepper Money has increased its initial public offering to $500 million from $450 million.
Non-bank lender Pepper Money has increased its initial public offering to $500 million from $450 million.
Pepper Money CEO Mario Rehayem.
Peppers brokers told fund managers on Thursday that the increased offer would see the companys owner, KKR-led Pepper ANZ Hold Co, own 60.6 per cent of the company on listing rather than the earlier advertised 64.5 per cent.
The added $50 million would be used to repay debt. Outside shareholder ownership would increase to about 40 per cent of the group on listing.
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