trending Market Intelligence /marketintelligence/en/news-insights/trending/_f7p6dh336jsgcpe3o-upg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Australia's Prospa seeks to raise up to A$160M in IPO

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Australia's Prospa seeks to raise up to A$160M in IPO

Australia-based small business lender Prospa is seeking to raise up to A$160 million in its IPO, The Australian Financial Review's Street Talk blog reported May 10, citing documents detailing the offering.

The bank will offer shares at A$3.04 to A$3.83 apiece. Macquarie Capital and UBS Group AG will run a bookbuild May 17 to determine the final price.

Under the public float, A$100 million will go into the company and up to A$60 million will be raised from the owners selling down their stakes. The deal will value the company at between A$500 million and A$600 million.

The offering will allow Prospa to finance its investment in the equity portion of the loan book in the warehouse securitization and ABS issuance funding platform, as well as use the funds for working capital, the report noted.

Israel-based venture capital fund Entree Capital, which holds a 34.4% stake in Prospa, is expected to tip fresh funds into the offer, while Square Peg Capital Pty Ltd., which holds a 4.5% stake, will acquire A$10 million of shares in the IPO.

The company is set to list June 8.