The Australian online bookseller Booktopia announced terms for a planned December 3 listing on the ASX exchange, with an aim to raise $25 million in proceeds from new shares. Existing investors plan a selldown of shares that would make another $18 million of stock available. At the current projected price, the company would have a market capitalization of $315 million. (Previously reported fiscal 2020 sales were $165 million, with EBITDA of $6 million. At publication, PL had not seen the official term sheet.) The company intends to use the cash to expand their distribution center and repay debt, as well […]
