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Company Overview
Beforepay Group Limited was founded in 2019. The company operates in the Pay on Demand industry, a relatively new concept that appears attractive to potential customers. This business model is witnessing significant growth as customers look for a more flexible and transparent approach to managing their finances.
Initial Public Offering
The company had launched its IPO on the Australian Securities Exchange under the ticker B4P and had sold approximately 10.3 million shares at AU$ 3.41/share. We had covered this IPO in our ‘Kalkine IPO Report’ on December 03, 2021 and had concluded that this IPO was only “Attractive for High-Risk appetite investor” given its relatively new business, scalable business model, and solid growth reported in number of cash outs.
Daily Price Chart (as on February 15, 2022). Source: REFINITIV, Analysis by Kalkine Group
Conclusion
Investors who have invested into this IPO can consider ‘Exiting’ from their position at the closing price of AU$ 1.385 as on February 15, 2022, given:
*The reference data in this report has been partly sourced from Refinitiv.
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