October 22, 2020


hipages lodges IPO prospectus

The Offer to retail and institutional investors is expected to raise total gross proceeds of $100.4 million based on a price of $2.45 per fully paid ordinary share (Share). This values the Company at a total enterprise value of $286.8 million with an indicative market capitalisation of $318.5 million. Approximately $40.0 million of gross proceeds will be raised through the issue of new Shares by the Company with the balance via a secondary offer of Shares by existing hipages shareholders.