THE GOOD GUYS EYE IPO

THE GOOD GUYS EYE IPO
THE GOOD Guys has appointed Credit Suisse, Goldman Sachs and UBS as joint lead managers to support an IPO and listing on the ASX.

The Melbourne company says it will also consider any alternate ownership proposals that emerge.

The specialty retailer of household appliances and consumer electronics products has annual sales of approximately $2 billion, and claims to hold market leader positions in categories including white goods, cooking, small kitchen appliances and home entertainment.

This is through 100 large-format stores across Australia and an e-commerce platform.

Transition to 100 per cent ownership of the store network is proceeding well and remains on track for completion at the end of the current financial year.

Business News Australia reported last week that Melbourne-based JB Hi-Fi (ASX: JBH) had entered preliminary talks for an acquisition of The Good Guys.

Responding to the rumour mill, JB Hi-Fi CEO Richard Murray said discussions were 'preliminary' 'exploratory in nature'.

Murray said the company hadn't entered into any agreement, and understood The Good Guys were 'looking at a range of options including an IPO on the ASX'.

JB Hi-Fi currently has a market valuation of $2.3 billion, with annual revenues of $3.65 billion generated by nearly 190 stores.

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

Lendlease gains approval for $1.7b transformation of Queen Victoria Market precinct

Lendlease gains approval for $1.7b transformation of Queen Victoria Market precinct

Australian development giant Lendlease Group (ASX: LLC) has been gr...