Business
Airtasker IPO will test a ‘GameStopped’ ASX – The Australian Financial Review
The first big IPOs of the year are always a test for market sentiment. The proposed float of online jobs board Airtasker is no different.
The platform is expected to have 405,000 unique customers this financial year, with two-thirds of transactions coming from returning customers. Its gross margin per transaction is put at a chunky 93 per cent.
But there are wrinkles too.
Two distinct views
Airtasker remains unprofitable. It forecasts an after-tax loss of $6.2 million in the 2021 financial year, up from $5.2 million in 2019-20, but well down on the $27.2 million loss recorded in 2018-19.
Expenses have jumped around, with sales and…
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