the adviser logo

Judo debuts on ASX

by Sarah Simpkins4 minute read

Judo Bank has commenced trading on the ASX, reportedly becoming the first bank to list in 25 years.

The specialist small-business bank has joined the Australian Securities Exchange under the ticker JDO after completing a $657 million initial public offering (IPO), which offered shares at $2.10 each.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Judo Bank chief executive and co-founder Joseph Healy commented the company will continue to grow and expand the reach of its banking services.

“Australian SMEs have been unable to secure the lending they need and the service they deserve to support and grow their businesses,” Mr Healy said.


“They have been forced into a model that required them to contact their bank via a call centre; use their homes as collateral for business loans; and contend with a ‘computer says no’ approach to lending.

“Judo Bank’s IPO will mean more SMEs will have access to a relationship bank that listens, understands and boldly backs their business.”

The listing has occurred two years after Judo was granted its full banking licence in April 2019.

Judo ended Monday (1 November) at $2.24 a share, before hitting $2.35 on Tuesday (2 November) morning.

Other lenders have taken to the ASX this year. Pepper Money listed in May, Latitude Financial commenced trading in April and Liberty Financial Group joined the stock exchange in February.

Plenti and Harmoney on the other hand, commenced trading on the ASX last year.

Meanwhile, property settlements platform PEXA floated in July, after completing a $1.1 billion IPO raise.

[Related: Get Capital relaunches under new name]

Judo debuts on ASX
joseph healy judo
TheAdviser logo
joseph healy judo

Sarah Simpkins

Sarah Simpkins


Sarah Simpkins is the news editor across Mortgage Business and The Adviser.


You need to be a member to post comments. Register for free today


matt comyn cba speaking ta bzhun1

CBA CEO acknowledges brokers following mortgage growth

The Commonwealth Bank of Australia (CBA) has released its results for the financial year ended 30 June 2022 and...

wif awards 2021 crowd ta giiu3m

Submissions open for Women in Finance Awards 2022

Hosted by Momentum Media, the Women in Finance Awards is returning for its sixth consecutive year to recognise the...

Cameron Poolman ta

OnDeck confirms origination surge following buyout

In early February, OnDeck Australia’s (OnDeck) executives and investors collectively purchased 80 per cent of the...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more