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Report: Australia's MoneyMe taps lead managers for IPO

Australia-based online lender MoneyMe Financial Group Pty. Ltd. has appointed lead managers for an IPO which could value the company as much as A$200 million, The Australian Financial Review's Street Talk blog reported Aug. 28, without citing sources.

Ord Minnett and Morgans have reportedly been named as joint lead managers for the IPO, while Gilbert + Tobin is doing the legal work. A non-deal roadshow is expected to follow shortly.

MoneyMe offers short-term personal loans and lines of credit. The company said in 2017 its net loan book was growing at A$1 million each week and had written A$150 million of loans during its first four years of operations, the report added.