Beforepay breaks [bad] IPO record | Redbubble's profit pain | Unilever will pay big for health products

Published: Jan. 18, 2022, 6 p.m.

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Shares in Aussie on-demand wage service Beforepay fell 42% on their IPO day - the worst first-day performance in 2 years on the ASX.

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Redbubble expects revenue to drop, as the pandemic leads to increased customer acquisition costs and decreased shipping margins.

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Unilever, the owner of Ben & Jerry’s, is willing to pay big money for the company that makes Advil and Aquafresh toothpaste - as it tries to ramp up its focus on health products.

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