Business
‘No huge demand for a big exit’: Booktopia CEO says he’s in it for the long haul – Sydney Morning Herald
After co-founding the company as a side hustle, it has been a long road to listing Booktopia on the ASX for CEO Tony Nash.
Mr Nash said Booktopia saw a “good volume” of trading after landing on the boards on Thursday at $2.30, rising as high as $2.90 during the day before closing on Friday for the week at $2.92.
Oscar Oberg, lead portfolio manager at Wilson Asset Manager, said Booktopia’s rise on debut came after listing at a good price.
“I like the management, it had been around the block for a long time, it isnt something that just evolved recently,” he said.
Booktopia’s valuation was at a multiple of 1.5 times forecast…
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