Original article by Joyce Moullakis
The Australian – Page: 21 : 9-May-19

Digital bank 86400 will seek to attract new shareholders via a capital raising that will be managed by Morgan Stanley. 86400 could potentially raise up to $250m, but CEO Robert Bell says the final amount will depend on demand from local and international investors. The company has applied for a full banking licence, and Bell expects this to be granted shortly. Rival digital bank Judo recently gained a full banking licence.

CORPORATES
86400 PTY LTD, JUDO BANK PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, CUSCAL, MACQUARIE GROUP LIMITED – ASX MQG, ATOM BANK, METRO BANK, VOLT BANK LIMITED, XINJA BANK LIMITED, TEMENOS, AMP LIMITED – ASX AMP