RateSetter taps new broker, chairman for float
Non-bank lender RateSetter is full steam ahead on plans to hit the ASX-boards post reporting season, finalising its line up and pitch to potential investors.
RateSetter’s management team, headed by Daniel Foggo and fellow founder Glenn Riddell, has been back in front of a handful of fund managers this week, seeking to shore up their early support for the initial public offering slated to launch in coming months.
The early peak included a business update, including how RateSetter had traded through the COVID-19 pandemic, and an explanation of its funding sources which include traditional banks and warehouse facilities.
There was also an update on its board and management team, including news that ex-Resimac Group joint CEO Mary Ploughman would oversee RateSetter’s board as chairman. Ploughman is a former Macquarie banker who was also deputy chair of the Australia Securitisation Forum in recent years.
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