Kiwi online lender Harmoney looks set to go ahead with its initial public offer on the Australian Securities Exchange.
The company, which had been testing the waters over a public float or private capital raising, is said to have secured a sharemarket listing deal that would see it raise A$92.5 million ($98m) million at A$3.50 a share, according to the Australian Financial Review.
The pricing would see it worth 3.5 times its 2020 financial year revenue, giving it a market capitalisation of A$350 million, the Street Talk column reported late on Friday, with a planned listing date of November 19.
The amount expected to be raised is higher than the A$60 million Harmoney was initially testing the waters on.