Business
Booktopia takes another run at the boards – The Australian Financial Review
The online book retailer is taking advantage of a COVID-inspired boom in book sales to raise $43 million, four years after abandoning a $40 million IPO.
The events of the last six months have now brought forward much of that future growth and we are seeing many of the converts increasingly convinced that online purchases are their new preference.
Booktopia is offering 10.9 million new shares and 7.9 million existing shares at $2.30 per share, giving the company a market value of $315.8 million and enterprise value of $298 million.
Booktopia’s sales rose 28 per cent to $165.8 million in 2020 and are expected to rise 23 per cent to $204.5 million…
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