Original article by Sally Rose
The Australian Financial Review – Page: 18 : 9-Jun-16

The proposed IPO of streaming music provider Guvera is under scrutiny. Guvera aims to raise between $A40m and $A100m via the float, which would value the company at $A1.3bn. However, the Australian Shareholders’ Association has expressed concern that companies are permitted to list on the Australian sharemarket despite being unprofitable. Guvera booked revenue of $A1.2m in 2015 and a loss of $A81.1m.

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