Business
Youfoodz IPO covered: book message – The Australian Financial Review
Ready-made meals seller Youfoodz’s brokers have declared the $70 million book for its initial public offering covered.
Ready-made meals seller Youfoodz’s brokers have declared the $70 million book for its initial public offering covered.
Ready made meal kits maker Youfoodz is having a run at the ASX.
Bell Potter and Morgans sent a message to funds on Wednesday afternoon, saying the book had been covered at $1.50 a share, or 1.1-times FY21 forecast net revenue.
The two brokers said “the IPO has received strong cornerstone interest from domestic and offshore institutions,” in the message.
The IPO implied a $201.9…
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