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Greensill Capital considers Australia, 2 other markets for IPO

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Greensill Capital considers Australia, 2 other markets for IPO

Greensill Capital founder and CEO Lex Greensill said Australia was one of the top three markets that his supply chain finance group was considering for its planned IPO, citing the resilience of the country's economy amid the pandemic, The Australian reported Dec. 6.

His comments came as the company is seeking to raise between $500 million and $600 million in a pre-float funding round, at a targeted valuation of up to $7 billion. Greensill did not confirm financial details but said the fundraising is expected to be completed in the first quarter of 2021.

The company lists General Atlantic and SoftBank Group Corp.'s Vision Fund as among its investors. It intends to use proceeds from the fundraising for acquisitions and for the expansion of its consumer business, Greensill added.