Today we informed our investors that Plenti Group Limited (Plenti) has filed a prospectus for an upcoming Initial Public Offering (IPO) of Plenti’s ordinary shares and a listing on the Australian Stock Exchange (ASX) which is expected to take place. in September 2020.
We see an IPO as the best option to provide the necessary funding to support Plenti’s next stage of growth.
We also believe that being listed on the ASX will support the achievement of our ambitions, not only by providing us with capital to continue investing in building market-leading technologies and products, but also by increasing our brand awareness. and our product offerings, for borrowers and investors, and other offerings that may follow as we seek to continue our journey to scale and diversify Plenti.
Offer to members
The prospectus is available to Australian and New Zealand investors in electronic form at www.plenti.com.au/IPO. The offer contained in the prospectus is only available to residents of Australia and New Zealand accessing this website in Australia or New Zealand during the offer period. It is not available to people in other jurisdictions (including the United States). If you are accessing an electronic version of the prospectus, you should ensure that you download and read the entire prospectus.
Applications will be open to members in the coming weeks, as described in the prospectus. Members will receive an email with more details on how to request actions when the Plenti Member Offer is open.