IPO PE: Mr DIY is going to an IPO at a historical price-earnings multiple of about 37 times.
SOME details of Mr DIY, touted to be the year’s largest initial public offering (IPO), have been revealed in its draft prospectus published yesterday.
Among those details are a dividend payout plan to distribute out 40% of net profits, an aggressive store growth strategy of at least 100 new stores in 2020 and the plan to expand into new retail formats.
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