09 October 2019 | Wilsons
Latitude Financial Services has lodged a PDS with ASIC to launch its initial public offering on the ASX. Wilsons is pleased to act as a Co Lead Manager to the IPO.
Latitude is a digital payments, instalments and lending platform. Latitude offers customers in Australia and New Zealand payments (buy-now paylater, BNPL) and instalments (Sales Finance) products (collectively L-Pay) and lending products (credit cards, personal loans and auto loans; collectively L-Money). Formerly GE Money, Latitude has a proven track record of earnings growth without compromising on credit quality. Supported by the recent entry into BNPL, a drive to increase brand awareness, the ability to originate in store or online and a focus on product cross-sell, forecasts of growth in gross receivables and operating income appear achievable whilst ROE is maintained.
Please speak to your Wilsons advisor to learn how to participate in the offering or contact Francis Hegerty, general Manager of Private Wealth on: firstname.lastname@example.org or +61 3 9640 3862.