Nine Entertainment Co releases IPO prospectus, seeks AUD 697.3 million

November 3
10:05 PM 2013

Nine Entertainment Co published its prospectus on its website for its initial public offering. The document revealed that the company would be seeking AUD 697.3 million for its IPO. Proceeds from the share sale would be used by the firm to pay back debt and give back funds to existing shareholders.

A total of 125 million new shares and 179.7 million existing shares would be sold by Nine Entertainment Co. The prospectus showed that the shares would be sold anywhere from AUD 2.05 to AUD 2.35 per share. After the IPO, the company would have a market capitalization of up to AUD 2.2 billion. Shares of the firm would begin trading on December 6.

The prospectus revealed that the IPO would be managed by UBS, Morgan Stanley, Macquarie Group Ltd and Commonwealth Bank of Australia.

Nine Entertainment predicted its sales from this year to June 30 next year to reach AUD 1.57 billion. Its also forecasted its earnings before interest, tax, depreciation and amortization to reach AUD 305 million.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics