Baker McKenzie's Sydney office successfully acted for Macquarie Capital (Australia) Limited and UBS AG, Australia Branch as joint lead managers and underwriters of Australia’s leading online small business lender, Prospa Group Limited's (Prospa) AUD 110 million initial public offering. The capital raising has given Prospa a market capitalisation of AUD 610 million (at the offer price), with shares having commenced trading on ASX on 11 June 2019.


The Baker McKenzie team was led by Capital Markets Partner Antony Rumboll, with support from General Associates Daniel McGuiness and Ivo Basoski, and graduate Jessica Tang.


Commenting on the deal, Antony Rumboll said, "We were delighted to act for our key clients, Macquarie Capital and UBS AG, in what was a very successful IPO. This transaction represents the key next step in Prospa's growth, and we are pleased to play a role in that process."
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