It’s been a mere six weeks since payday lender Beforepay launched on the ASX, to a sickening thud.
Shares in the Brian Hartzer-chaired fintech plunged 42 per cent on its debut and have steadily fallen since. Float investors can presently offload them for a mere third of what they paid a month and a half ago.
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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
