Private Equity

Kkr-backed Pepper Money Expands Australia’s Biggest Ipo Of 2021

by finance.yahoo.com posted 2months ago 130 views
(Bloomberg) -- Australian non-bank lender Pepper Money Ltd. increased the size of its initial public offering Thursday, making the country’s biggest offering so far this year even larger.Citing strong demand, the KKR & Co.-backed business upsized its IPO by A$50 million ($38.7 million) for a total of A$500 million, according to terms of the deal seen by Bloomberg News.Existing investors such as KKR and management will own nearly 61% of the company following the offer, the terms showed.