APO apn outdoor group limited
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News: APN Outdoor Group trades ahead of IPO listing price

  1. Proactive
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    11/11/14
    14:10
    Post #: 14269820

    APN Outdoor Group (ASX:APO) is a new listing to the ASX today, with first trade at $2.75 providing a handy gain for investors who took the $2.55 share price in a capital raising.

    This values the company at $458 million at today's share price.

    APN’s assets include digital billboards, static roadside billboards and bus, tram, rail and airport advertising.

    At a price of $2.55 a share equates to 15 x projected earnings for the 2015 calendar year.

    A Private Equity firm sold down its holding in APN Outdoor.

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