Grays IPO kicks off with valuation up to $330m – The Australian Financial Review

Online auctions house Grays.com Ltd has kicked off its push to re-join the ASX boards.
The companys sponsor brokers sent pre-IPO valuation reports to fund managers on Monday morning, to launch its float marketing.
Grays Online sells everything from heavy machinery to used cars and wine. Robert Rough
Jarden analysts told clients Grays was worth $240 million to $330 million on an enterprise value basis, or 9.1 times to 12.5 times forecast 2021 EBITDA.
The analysts said Grays expected $871.6 million…

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