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Big Law

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.

May 13, 2016 By Lara Bullock
Guy Sanderson, Baker & McKenzie
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Firms: Baker & McKenzie (Afterpay Holdings Limited)

Deal: Afterpay Holdings Limited listed on the ASX and launched an IPO.

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.

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