Spotless eyes to raise $1 billion via IPO: Media report
19/05/2014 13:27
Spotless, an Australian-owned manufacturer of household cleaning and laundry products, is planning to raise USD 1 billion in its initial public offering, according to a reputed daily journal The Australian. As per company’s prospectus filed with regulator, the pan-European manufacturer will begin the book build of Australia’s biggest IPO of 2014 on Tuesday which will end on Wednesday. Besides, the company’s shares are expected to begin trading on the ASX on Friday. As much as 677.6 million new and existing shares will be put on table for subscription, including an option to allocate an extra 81.1 million shares, according to the Spotless prospectus. According to analyst estimates, IPO’s price range of company’s share is USD 1.60-1.85 a share which is 12.4 times to 13.6 times the company’s forecast 2015 net profit per share.
19/05/2014 13:27
Spotless, an Australian-owned manufacturer of household cleaning and laundry products, is planning to raise USD 1 billion in its initial public offering, according to a reputed daily journal The Australian. As per company’s prospectus filed with regulator, the pan-European manufacturer will begin the book build of Australia’s biggest IPO of 2014 on Tuesday which will end on Wednesday. Besides, the company’s shares are expected to begin trading on the ASX on Friday. As much as 677.6 million new and existing shares will be put on table for subscription, including an option to allocate an extra 81.1 million shares, according to the Spotless prospectus. According to analyst estimates, IPO’s price range of company’s share is USD 1.60-1.85 a share which is 12.4 times to 13.6 times the company’s forecast 2015 net profit per share.
