Judo Bank is looking to raise about US$483m by selling a mix of primary and secondary shares. Judo Bank (JB) focuses on lending to small and medium-sized enterprises (SMEs) in Australia. It also offers a range of personal term deposit products to consumers. Due to the lack of financing that SMEs face, JB filled a gap in the market and has been riding a strong tailwind as seen from its loan book and consumer deposits growing about 15x and 27x, respectively, from FY19 to FY21. Valuation looks e...
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