BUZZ – Australia's Openpay soars on $271.4 mln debt funding ahead of U.S. launch7 October 2021 10:13 am* Buy-now-pay-later firm Openpay Group soars as much as 13% to A$1.44 in its biggest intraday pct jump since June 22* Co secureshttps://investors.openpay.com.au/site/PDF/43662532-7377-487c-b05b-7cffc4e9acd9/OPYsignsGoldmanSachsUSReceivablesWarehouseFacility a $271.4 mln debt funding from Goldman Sachs Group and investment firm Atalaya Capital Management* Expects to launch its BNPL service in the United States in October* OPY competes with bigger rivals like Afterpay and Zip Co to capture market in the United States* OPY hits highest level since Aug. 26* About 477,000 shares change hands, vs the 30-day average of 291,000 shares* OPY biggest percentage gainer in the ASX All Ordinaries index* Down 43.6% this year, as of last close, vs a 9.4% rise in the ASX All Ordinaries index(Reporting by Sameer Manekar in Bengaluru) (([email protected]© 2021 Thomson Reuters. Click for Restrictions.
BUZZ – Australia's Openpay soars on $271.4 mln debt funding...
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