3p learning

typical macbankers. asking 31-38 p/e multiple
most expensive ipo of 2014

Fundies test 3P Learning growth story

PUBLISHED: 06 Jun 2014 04:04:34  | UPDATED: 06 Jun 2014 07:02:02
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Fund managers like that initial public offering hopeful 3P Learning is one of the few Australian companies that offers global growth. They just want to make sure it is worth the 30-plus times earnings being asked by a Macquarie Special Situations Fund and other early-stage backers.


Fund managers have described the pricing of 3P Learning, which owns the popular
Mathletics coaching program, as overly ambitious on an earnings multiple of more than 30 times.

IPO hopeful 3P Learning tests market

• Maggie Lu Yueyang
• June 04, 2014 5:45PM

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Online education firm 3P Learning is meeting with institutional investors to promote its planned initial public offering, reporting by Data Room has found, in a listing that could raise more than $300 million.
The company, with its popular online learning software Mathletics, is meeting with investors this week to test the appetite for its offering, a source close to the matter told Data Room. Macquarie Capital is managing the sale.
Following the float, 3P Learning aims to reach a market capitalisation of $300m to $375m, the source said, declining to comment further on details.
The shares will be offered in a range between $2.20 and $2.80 to raise between $251m and $313m, the Australian Financial Review reported earlier.
3P Learning has told investors it is well positioned to go global with its cloud-based platforms. Its school licenses has grown an average 54 per cent each year between fiscal 2010 and 2013 in Britain, the US and Canada.

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looks very very expensive!!