What we know so far
|Expected raise:||$43.1 million|
|Expected listing:||3 December 2020|
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Booktopia shares are now publicly available to purchase on the Australian Securities Exchange (ASX). Here's what we know about the IPO and how you can buy in.
Booktopia has listed on the ASX, so you can now buy shares over the stock market. To do that, you'll need to be signed up to a broker. Your cheapest option is to sign up to an online broker. Check out the steps below:
Booktopia lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol BKG.
Morgans and Shaw and Partners were appointed as lead managers with an expected raise of $43.1 million at $2.30 per share. You can check out some of the key dates and figures in the table below:
|Booktopia IPO key numbers|
|Total number of shares available under the offer||10.9 million new shares|
|Proposed ASX code||ASX: BKG|
|Target market cap||$315.8 million|
|Retail offer opens||November 10 2020|
|Retail offer closes||November 24 2020|
|Expected listing on ASX||3 December 2020|
|Expected dispatch of holding statements||30 November 2020|
According to latest information available, retail investors (regular investors) have between November 10 2020 and November 24 2020 to participate in the Booktopia IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
Booktopia Group was launched in Sydney in 2004 by Tony Nash, Simon Nash, and Steven Traurig.
In 2015, the company acquired bookseller Angus & Robertson and in FY2020, it acquired the University Co-Op Bookshop.
Today it's the largest locally-owned online book seller by market share (around 6%) and boasts 2.3 million repeat customers. In the FY19/20, Booktopia saw on average 25,000 items shipped per day.
Booktopia's main source of revenue is through the sale of books as well as eBooks, DVDs, audiobooks, calendars and stationary.
The good news is that the company is growing. In FY20, the company generated $165.8 million in revenue with a net profit of $200,000.
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