07-Sep-2020:  Laybuy Commences Trading on the ASX

LayBuy Group Holdings (LBY) IPO'd today, and based on their $1.41 IPO price, they are up by over +47% today (at $2.08) and they've been as high as $2.30 (+63%).... So there's still some life in the BNPL sector it would seem, despite Paypal being the Gorilla that has now entered the room.

Highlights:

• Laybuy launched in New Zealand in 2017 and is a pre-eminent Buy Now, Pay Later (BNPL) service in that country. Laybuy also has a growing presence in the United Kingdom and Australia.
• The Company provides consumers with an innovative payment platform, bringing the traditional lay-by model into the 21st century. Consumers can shop now, receive their purchase straight away, and pay it off over six weekly interest-free payments.
• The IPO was met with strong demand from both institutional and retail investors, including a large number of institutions from Australia, New Zealand, Asia, North America and UK.

--- click on link above for more, or search under ticker code LBY ---   [I do not hold LBY or any other BNPL companies.]