Digital gift-card giving has boomed during COVID-19 and Prezzee has been a major beneficiary.
The company, which is 85 per cent owned by Rich Lister Shaun Bonett’s Precision Group, is in talks with US investment banks and investors this week to test the waters for a potential float.
It’s likely the discussions will validate the company’s decision to lean toward the ASX.
Whether the company presses play on an IPO next year will come down to the all-important question of valuation.
CEO Tony Karp fancies the business to be the country’s next unicorn based on its growth metrics, but on our calculations, next year is going to have to exceed all expectations for bankers to get behind such a price.
Elsewhere, it’s almost decision time for Scientific Games, as bankers prepare an underwritten offer for SG Lottery’s float.
Global private equity investor The Riverside Company has acquired Victorian occupational rehab and injury management company Nabenet.
Medical appointment bookings platform HotDoc is raising $30 million and Goldman Sachs has appointed Melbourne-based banker Gavi Friedland to run its important metals and mining sector coverage team.
Goldman Sachs has appointed Melbourne-based banker Gavi Friedland to run its important metals and mining sector coverage team in Australia and New Zealand.
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