TRP 2.38% 21.5¢ tissue repair ltd

Tissue Repair Ltd IPO 2021, page-93

  1. 3,610 Posts.
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    Shares on issue: 60,464,843

    Share Price: $0.645

    Market Cap: $39M

    Pro forma net cash*: $27.1m

    Enterprise Value: $11.9m

    * Pro forma net cash is calculated as cash and cash equivalents as at 30 June 2021, plus gross Offer proceeds, less Offer costs, less net losses to mid September 2021. (As per the prospectus)


    So the $11.9m valuation for a near Phase III chronic wound healing drug (TR-987).

    SERIOUSLY!!!



 
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