MoneyMe has told the market on Monday that a number of institutions have backed its float plans, leading to the book being covered for its initial public offering book build.
The book build will close on Thursday.
The digital consumer credit business that has originated $340m in loans and is selling shares at $1.25 each, with the business to raise $45m, with a $ 212.2m market value.
On an enterprise value basis, the company will be worth $175.7m and the deal equates to 3.8 times forecasted revenue for 2020.
The company will lodge its prospectus on December 2 ahead of a listing on a normal settlement basis on December 16.
Working on the transaction are Morgans and Ord Minnett.
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