The year’s biggest tech IPO gains 9pc on first after raising $67m

The year’s biggest tech IPO gains 9pc on first after raising $67m

share

Link copied to clipboard

US education loan solution Credible laboratories made its ASX-debut on Friday following the tech that is biggest Initial Public Offering of the season.

Credible (ASX:CRD), led by Aussie technology business owner Stephen Dash, raised $67 million to help expand develop its pupil finance platform.

The stocks shut Friday at $1.32 — 11c above the $1.21 offer cost.

The Silicon Valley-based loan marketplace has zeroed in from the US market, connecting pupils interested in finance with a selection of loan providers getting the rate that is best.

Credible boasts a lot more than 710,000 users on the platform and 27 institution that is financial.

The raise respected the business at $306.6 million.

Aussie expat and Credible founder Stephen Dash

It’s a come back to their homeland for ex-JP Morgan banker Stephen Dash, whom founded the ongoing business as an educatonal loan refinancer in 2012 through sheer disbelief during the burden of pupil financial obligation positioned on US students. Continue reading “The year’s biggest tech IPO gains 9pc on first after raising $67m”