BOOK INDUSTRIES AND TRADE – AUSTRALIA

Booktopia aims to raise $43.1m in IPO and list on ASX in December

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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.

CORPORATES
BOOKTOPIA PTY LTD

Battle of the books: MUP loses its spine

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Original article by Chip Le Grand, Rachel Baxendale
The Australian – Page: 1 & 7 : 31-Jan-19

A change in Melbourne University Publishing’s editorial policy has prompted the resignation of long-serving CEO Louise Adler and five independent directors of the venerable publishing house. The University of Melbourne’s vice-­chancellor Duncan Maskell has ordered MUP to exit trade publishing and focus exclusively on academic publishing. Several of the directors who resigned have questioned whether MUP will be viable under its new business model, noting the limited market in Australia for academic works.

CORPORATES
MELBOURNE UNIVERSITY PUBLISHING LIMITED, UNIVERSITY OF MELBOURNE, UNIVERSITY OF QUEENSLAND PRESS, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, QUEENSLAND. CRIME AND CORRUPTION COMMISSION, LIBERAL PARTY OF AUSTRALIA