Street Talk
SEEK's IDP Education IPO price range $2.40 to $2.65
Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis
Updated
SEEK Ltd's spin-off IDP Education has priced its initial public offering at 17 times to 18.8 times forecast net profit, or $2.40 to $2.65 a share.
Sources said SEEK is expected to sell its entire stake at the upper end of the range but that a final decision has not been made.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
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