Good evening,

It might be a neobank, but Judo wants you to know it’s got plenty of grey hair on its team.

The IPO contender is making its maiden pitch to listed equity investors this week, before a run at the boards later this year.

Although it’s one of the new kids on the block, Judo has told fund managers to think of it as a serious, full-fledged relationship bank with a diverse loan book.

Assuming it proceeds with a listing, Judo will undoubtedly be one of the biggest of 2021. Having already raised $1 billion across five rounds, it could look to raise another $250 million-odd through an IPO, at a valuation that is likely to top $2 billion.

Elsewhere, King River Capital has banked the first $US95 million of its new fund; IRESS and Z Energy should be ready for questions; Compare Club tests the waters before a float; and Armada Metals steps up its preparations for an ASX tilt.

Happy reading,

Anthony Macdonald and Yolanda Redrup
Street Talk Editors