Here is my analysis (source AFR articles below posted links). So based on this analysis, growth is only touching 15%. Multiplier for market cap (after IPO) to revenue of 2 m is 21.45. Based on fundamental it does not sound attractive. I know Bambora is backing and it may be oversubscribed. But that does not change intrinsic fundamental . "Company is hoping to grow after lockdown". There is no projection of growth no strategy to expand etc.
However, as I said any IPO can become hit particularly in this environment with 20c as offering price. Everyone is welcome to have view and decisions. All the best to those who have invested.
GMV 2019 GMV 2020 Increase % growth 1 8.7 10 1.3 14.94%
Market Cap (m) Revenue (m) Cap/Revenue 1 42.9 2 21.45
https://www.copyright link/street-talk/bombora-backed-mad-paws-launches-ipo-bookbuild-20210209-p570s4
https://www.copyright link/street-talk/time-for-walk-bombora-backed-mad-paws-gears-up-for-listing-20200930-p560il
