Skydive the Beach IPO

Has anyone seen this IPO.
Any views ?
Skydive the Beach ready to launch
received media attention.

Veritas closed the institutional part of the initial public offer last week raising at least $10 million. The retail offer opens on Monday targeting a total raising of up to $25 million, which would give the adventure tourism business an indicative market capitalisation at listing of $73.3 million. Shares are priced at 25. The money will be used to buy rival SkydiveAustralia, expanding the group's footprint in Queensland.

Skydive the Beach reported earnings before interest tax and depreciation of $4.4 million in 2014, from turnover of $18 million. Last year the group did more than 40,000 tandem jumps from 11 drop zone sites. The acquisition of Skydive Australia will bring the total number of drop zones operated by the group to 16, with estimates for more than 112, 000 tandem jumps in financial year 2016.

To date, the company's growth has been funded through a combination of cash flow and bank debt. No existing shareholders are selling down in the float.