Australia's BNPL Beforepay slumps in ASX debut

Beforepay

17/01/2022 03:46

** Shares of buy now, pay later firm Beforepay Group
 B4P.AX  skid as much as 44.1% to A$1.905 on market debut 
    ** Sydney-based buy now, pay later firm raised A$35
mln($25.23 mln) in its initial public offering at an offer price
of A$3.41/share  urn:newsml:reuters.com:*:nASX4Bqdb1
    ** B4P makes a debut on the Australian Securities Exchange
(ASX) the same week that BNPL giant Afterpay  APT.AX  is set to
get delisted from the ASX
    ** Co's pay advances in its December quarter were up 361% on
2020 qtr to A$77 mln, while qtrly users were up 199% on 2020 qtr
 urn:newsml:reuters.com:*:nASX4FwK8l
    ** B4P stock last down 41.8% at A$1.985, with close to
907,968 shares changing hands

    



($1 = 1.3873 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))