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Gilbert + Tobin has advised Australian alternative lender specialist Pepper Money on an IPO and ASX listing with an approximate value of $1.3 billion.

The major miners helped the Australian sharemarket shrug off the impact of Victoria entering a seven-day lockdown, with local shares managing to eke out a gain. 

The non-bank lender has officially been admitted to the official list of ASX Ltd, with trading commencing on a conditional and deferred basis under the code PPM.

Mortgage Business Pepper issues second RMBS for 2021 By Reporter 30 April 2021 The non-bank lender has priced a $750-million non-conforming transaction, with pricing for the AI notes at the lowest price since before the GFC. Pepper Group has announced that it has priced a $750-million residential mortgage-backed securities (RMBS) transaction called the PRS29. The non-conforming transaction has marked the non-bank lender’s second securitisati...

Blackstone-backed LaTrobe Financial eyes $2b IPO Share Booming non-bank lender and credit manager LaTrobe Financial will consider a trade sale or IPO that could value that business at more than $2 billion, as investor interest in the non-bank sector surges. US investment giant Blackstone owns 80 per cent of LaTrobe, with the balance held by chief executive Greg O’Neill, whose family started the business in regional Victoria in 1952. An initial public offering is a live option in the strategic review of the business, which will be run by Goldman Sachs. But LaTrobe’s large credit asset mana...