Dick Smith IPO to raise $345m

Float of electronics retailer set for December 4, market capitalisation of $520m eyed.

Dick Smith Holdings Ltd will list on the Australian Securities Exchange at $2.20 per share on December 4 in an offer expected to raise $344.5 million.

Dick Smith's prospectus, lodged to the ASX today, puts the float's market capitalisation at $520.3 million, while the enterprise value is $533.8 million.

Dick Smith said it would offer 156.6 million shares as part of the offer.

Anchorage Capital Partners to retain 47.3 million at the completion of the IPO.