Plenti Group launches IPO 

By Tony Zhang|27 September 2020
Plenti Group launches IPO

Clifford Chance has advised Plenti Group Limited on the largest IPO completed in Australia this year.

Firms: Clifford Chance (Plenti Group).

Value: $55 million.

Deal: International law firm Clifford Chance has advised Plenti Group Limited (Plenti, ASX: PLT) on its initial public offering (IPO) and listing on the Australian Securities Exchange (ASX). The quotation and trading of Plenti’s shares commenced on 23 September 2020.  


Area: Capital markets.

Key Players: The transaction was led by counsel Reuben van Werkum with partner Andrew Crook and support from senior associate Ivo Basoski, and associates Jenny Han and Emily Tsoi. 

The Clifford Chance Singapore team assisted in advising Plenti on its institutional offer to offshore investors as part of the IPO. 

Deal Significance: Clifford Chance advised Plenti on all legal aspects of its IPO which raised $55 million at $1.66 per share, resulting in an implied market capitalisation at listing of $280 million. This represents the largest IPO completed in the Australian market to date this year according to the firm.

“We are extremely proud to help steer the Plenti team towards such an important milestone. We really look forward to continuing to work with Plenti as an ASX-listed company in this exciting new chapter in its history,” Mr van Werkum said.


Plenti is a fast-growing technology-led consumer lending and investment business. Since launch in 2014, the company has funded $870 million in loans to over 55,000 borrowers, providing loan products to creditworthy borrowers in the automotive, renewable energy and personal lending verticals.

CEO Daniel Foggo said it was a milestone day for his company but also for the broader financial system.

“From day one we have strived to create meaningful value for everyday people by offering simpler, smarter loan and investment products,” he said.

Plenti Group launches IPO 
Intro image
lawyersweekly logo
Big Law


Rethinking wellness for law

Rethinking wellness for law

Andrew Gouveia

LeBron James, tattoos and copyright

Insolvency could be an opportunity for transformation

Insolvency could be an opportunity for transformation

Jillian Gardner

Greenwoods names new infrastructure partner

Recommended by Spike Native Network