Business
Lynch IPO recut and underwritten; raising $206m at 15x profit – The Australian Financial Review
Flower grower and wholesaler Lynch Group has repriced its initial public offering and its brokers have underwritten the deal to ensure it gets away.
Flower grower and wholesaler Lynch Group has repriced its initial public offering and its brokers have underwritten the deal to ensure it gets away.
Lynch Group CEO Hugh Toll at the company’s cool room facility at Moorebank in Sydney. Lynch Group
The company was now seeking to raise $206 million for the float at $3.60 a share, according to a book message sent to funds by brokers JPMorgan, Jarden and Citi on Friday afternoon.
The new price represented 15 times forecast consolidated net profit after…
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