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Ratesetter UK’s sale has funds questioning local IPO valuation – The Australian Financial Review
The discounted sale this week of ASX aspirant RateSetter’s UK-based brother has got fund managers questioning what it could mean for its local IPO.
The discounted sale this week of ASX aspirant RateSetter’s United Kingdom-based brother has got fund managers questioning what it could mean for the local outfit’s IPO valuation.
RateSetter Australia chief executive Daniel Foggo. AWJ
RateSetter UK was sold to listed UK bank Metro Bank this week for an upfront consideration of £2.5 million ($2.8 million) and a total purchase price of up to £12 million if various criteria are met.
That was a big discount to predictions RateSetter UK would be sn…
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