Pentanet, page-9

I was quite keen on this given what they've achieved (local boy done good), but I personally think it's overvalued. Nearly 300m shares (inc options) at 25c is a $75m valuation & they're only servicing Perth at the moment with around 5000 customers.
They'll have a good war chest to expand after listing but I can't justify that valuation. Would be interested if it dropped back after listing.