Australia's Limepay gears up for IPO, names execs

Australian buy-now-pay-later provider Limepay Pty. Ltd. is preparing for its IPO in 2021 and has announced several executive and board appointments, The Australian reported Feb. 4, citing Limepay co-founder and Chief Revenue Officer Dan Peters.

The company tapped Ord Minnett Ltd. and Prime Financial's advisory arm to assist with its planned public float. Peters said the timing of the planned ASX listing would be based on market conditions and the overall progress in the company's hiring plans.

Moreover, the company hired six new executives, including Mark Ledsham as CFO and Jessica Turnbull as head of marketing. Andy Britz was appointed chief technology officer, while Willie Pang was named a nonexecutive director on its board. The company has yet to name a chairman.

Limepay, which raised about A$30 million in 2020, is expected to start a nondeal road show in the coming months, the report added.