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Australia's Judo Bank still open to listing after raising A$540M

Australia's Judo Bank Pty Ltd. is open to listing its shares on the country's stock exchange in the next 12 to 18 months after having raised A$540 million in two funding rounds, The Australian reported Oct. 9, citing Joseph Healy, the bank's co-CEO.

The "challenger" bank, which focuses on small and medium-sized businesses, will keep the listing option open for its shareholders, Healy said. The bank has so far issued A$600 million of loans, with plans to reach the A$1 billion mark by 2019-end, he added.

Judo received a banking licence from the Australian Prudential Regulation Authority in April, and secured investments from Bain Capital Credit LP, Tikehau Capital, Canadian pension fund manager OPTrust, Abu Dhabi Capital Group and SPF Investment Management LP, among others.