2017’s largest ASX tech IPO succeeds with DLA Piper’s help

The deal built on the firm’s strong cross-border fintech equity capital markets expertise

2017’s largest ASX tech IPO succeeds with DLA Piper’s help
DLA Piper has helped make the largest technology IPO on the ASX a reality.

The global law firm advised US fintech company Credible Loans on its $300m IPO and listing on the ASX.

The firm relied on its strong cross-border fintech equity capital markets (ECM) expertise to aid in the transaction, said David Ryan, who heads the firm’s corporate team in Sydney.

The DLA Piper team was led by Ryan and partner Catherine Merity, an ECM specialist. They were supported by senior associate Kelly Morrison, solicitor Olivia Wild and graduate Jessica Noakesmith.

San Francisco-based Credible was established in 2012 by Australian entrepreneur Stephen Dash. It owns and operates an online real-time loan comparison platform. Credible started with student loan refinancing, but has since expanded to student loan origination and personal loans.

Bell Potter Securities was the lead manager and underwriter of the transaction.


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