Original article by Samantha Bailey
The Australian – Page: Online : 3-Nov-20
Online book retailer Booktopia has announced plans to list on the ASX on 3 December, and is seeking to raise $43.1 million via an initial public offer. Booktopia claims it has a six per cent of the Australian book market, as well as accounting for just under 15 per cent of total internet consumer book sales in Australia. It generated revenue of $165.8 million in the 2020 financial year, and is forecasting revenue of $204.5 million in the 2021 financial year. Co-founder and CEO Tony Nash says he will be staying on as CEO when the company goes public, while he has no plans to sell any of his Booktopia shares in the IPO.
BOOKTOPIA PTY LTD