Item the AFR this morning about the Nuix IPO, shows company is being given an eye-watering valuation IMO based on forecast FY21 revenue of $193.5m. Full story to follow.
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Nuix widens net for buyers, big numbers put to market
"Everything's getting bigger at Nuix! It is understood the select cornerstone group has expanded to look not dissimilar to the wider institutional marketing program, while the numbers in front of funds have gone from a listing at 8 to 12 times revenue to 12.5 times to 17.5 times. In dollars, that's the difference between a $1.6 billion company and a $3.4 billion company." .....
All IMHO,DYOR
TNT Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
