Latitude is a leading digital payments, instalments and lending platform, with 2.6 million customer accounts and more than 1,950 merchant partners across Australia and New Zealand. Latitude was formerly owned by GE, under which it developed sophisticated risk management capabilities, an extensive network of merchants and a significant internal bureau of customer data.
These capabilities, combined with significant funding capacity, have enabled Latitude to deliver strong growth and stable returns, with a forecast Adjusted Return on Equity of ~20% for the six months ending 30 June 2020 on an annualised basis.
Please note, this listing was obained via CommSec and you must be a CommSec customer to participate in this offer. Your broker may also have an opportunity to participate, please contact them.
Prospectucs Lodgement Date: 26th September 2019
Broker Firm Offer Opens: 4th October 2019
Broker Firm Offer Closes: 14th October 2019
Expected Commencement: 25th October 2019
Price Range: $2 - $2.25
Minimum Investment: $2,000
Market Cap: 3.5-4bn
Lead Managers: Goldman Sachs, Macquarie, UBS