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Australian small-business lender Prospa delays IPO

Australian small-business lender Prospa Group Ltd. postponed its planned IPO to June 8.

The company was set to list on the Australian Securities Exchange on June 6, but did not list that day to clarify queries raised by the Australian Securities and Investments Commission.

The queries relate to the company's small business loan terms, and is part of an industry-wide review into financial services' small business loan terms.