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Latitude (ASX:LFS) makes a splash on its ASX debut
Mitchell Lawler | April 20, 2021 5:07pm |
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Latitude Financial Services Group Ltd (ASX: LFS) has made its ASX debut today.
It looks like the third time is a charm for the Melbourne-based digital payments provider. Following two prior unsuccessful attempts at going public in 2018 and 2019.
By the end of the session, the newly ASX-listed Latitude share price was $2.70, 3.85% higher. Although the shares were trading 15% higher earlier.
ASX’s newly minted member… Latitude
Latitude might be new to the ASX, but this company has a rooted history in finance. Originally, Latitude formed the personal and vehicle finance operations of the Australian Guarantee Corporation. This went on to be owned by Westpac in 1988. The business proceeded to be acquired by GE Capital in 2002, before being sold to a consortium of private investors in 2015.