Business
$7bn fintech TransferWise says there’s an ‘outsized’ opportunity in the Australian market – Stockhead
Cross-border payments platform TransferWise announced a $US319m ($446.9m) share sale earlier this week, giving the company an indicative valuation of $US5bn. And the domestic head of the UK-headquartered company, Tim Cameron, says there’s an “outsized” opport…
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Cross-border payments platform TransferWise announced a $US319m ($446.9m) share sale earlier this week, giving the company an indicative valuation of $US5bn.
And the domestic head of the UK-headquartered company, Tim Cameron, says there’s an “outsized” opportunity for growth in the Australian market.
Rather than raising additional capital, the nature of the sale was to give existing shareholders and employees an opportunity to sell holdings in the secondary market.
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