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Zip Co in $267m raise to pay down debt; Goldies, UCP on ticket

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Australia and New Zealand’s No.2 buy now, pay later player Zip Co is ready to look past two years of restructuring and job cuts, launching a $217 million placement in tandem with its earnings.

Zip Co group chief executive Cynthia Scott. Kate Geraghty

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/zip-co-in-267m-raise-to-pay-down-debt-goldies-ucp-on-ticket-20240715-p5jtto