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.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles