E-commerce Meets Buy Now, Pay Later in $200m IPO Hopeful Zebit

ASX-aspirant Zebit will look to harness the momentum that’s built behind e-commerce and buy now, pay later stocks through the pandemic, when it starts its run at the local bourse in September. Street Talk understands Zebit was gearing up to launch an investor roadshow for its initial public offering as soon as reporting season wrapped up and had tapped stockbroker Shaw and Partners to give it a hand.

“Its business model has proved successful in the past three years, with Zebit’s revenue compound annual growth rate hitting 102.8 percent from fiscal 2017 to fiscal 2019 and its gross profit CAGR nudging 138 percent over the same period.”

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