Step One IPO

Step One IPO seems to be good one. Some of key highlights:

• Broker: Morgans
• Share Price $1.53
• Direct to consumer underwear retailer
• IPO to raise $81.3 million for its initial public offering
• Valuation it at $287.6 million on a market capitalization basis
• 16.1 times forecast EBITDA for the 2022 financial year
• The company expects to report $74 million revenue and $61.8 million gross profit in FY22
• forecast of $15.1 million EBITDA and $10.5 million profit
• Founder Greg Taylor would retain a 66.4 per cent stake in the company on listing,
• Global expansions on plan

There are couple of articles in AFR.