" Adairs is tipped to price at the upper end of its share price...

" Adairs is tipped to price at the upper end of its share price range of $2.20 to $2.48 today as part of the book build for its IPO through advisers UBS and Goldman Sachs.
Sources say that the book is so far well covered at the midpoint of the range, of which the top end equates to 16.8 times enterprise value."


" Elsewhere, Adairs is understood to have set aside $30 million worth of shares for BBRC founder Brett Blundy and his mates as part of the float's chairman's list.
Adairs brokers Goldman Sachs and UBS opened the books on Adairs' institutional raising on Wednesday night, telling fund managers the book was already covered at the middle of the range.

It's understood the institutional offer will be worth about $130 million, with $30 million set aside for the chairman's list and another $30 million to be sold through retail broker Morgans.
Allocations are expected on Thursday and Adairs is due to lodge its prospectus on Friday. "