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Fintech company goes public
A global firm advised Afterpay, which offers online shoppers the chance to ‘buy now, pay later’, on its ASX listing and initial public offering.
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Firms: Baker & McKenzie (Afterpay Holdings Limited)
Value: $165 million
Area: IPO
Key players: The Baker & McKenzie team was led by partner Guy Sanderson (pictured), with assistance from special counsel Riccardo Troiano, and associates Tim Pirera and Jeanie Chang.
Deal significance: Afterpay Holdings Limited is a fintech company with a 'buy now, pay later' product that offers simple instalment plans for online shoppers, allowing a purchase to be paid for in four equal fortnightly instalments, interest-free.
Afterpay listed on the ASX and sought $165 million funding capital through a fully underwritten IPO for further expansion.