Keep in mind that 7.5x is based on CY15 not FY15.. ASX aspirant...

Keep in mind that 7.5x is based on CY15 not FY15..

ASX aspirant oOh!Media has repriced its initial public offer, as foreshadowed by Street Talk Online on Wednesday.
oOh!Media’s raising has been re-cut to 7.5 times earnings before interest, tax, depreciation and amortisation on an enterprise value basis or $1.93 a share.
The original range was 8.2 to 8.8 times EBITDA, which would have given it a market value of up to $353.7 million.
Through oOh!media’s IPO marketing campaign, fund managers have expressed some concern about contract losses which are understood to have hit earnings forecasts.
Investors have also watched Medibank struggle on its debut, the wider market wobble and rival APN Outdoor soften in recent sessions.
oOh!Media, majority-owned by CHAMP Private Equity, is due to close an institutional bookbuild on Thursday, ahead of a December listing.
JPMorgan is working on the IPO, in addition to Macquarie Group and boutique advisory firm Highbury Partnership,