Shant Kradjian, the owner of consumer electronics retailer digiDirect, has acquired the assets of failed ASX-listed Booktopia in a deal that will bring the online bookseller back online and out of administration. The sale price, which has not been disclosed, will not see a return to shareholders. Booktopia racked up debts of around $60 million,… Read more »
Online retailer Booktopia has been placed in voluntary administration less than four years after listing on the ASX. Shares in the Booktopia Group (ASX:BKG) had been suspended since mid-June after admitting the business had liquidity issues and sought funding for redundancies and working capital. McGrathNicol restructuring partners Keith Crawford, Matthew Caddy, and Damien Pasfield were… Read more »
Australia’s love of reading has seen quarterly sales at ASX-list online retailer Booktopia soar 53% in a year. The company (ASX: BKG) had already upgraded its revenue and EDBITDA forecasts for FY2021 just two months after listing last December and today released its March quarter figures, saying it was on track to meet the upgraded… Read more »
Revenue up 51.1% to $112.6 million Underlying EBITDA (adjusted for IPO and conversion of preference share costs) up 502.3% to $8m 4.2 million orders shipped FY21 revenue forecast increased to $217.6million with EBITDA of $12.9 million. $19.78m loss due to $4m in IPO costs and share conversion Record growth from newly listed online book… Read more »
Booktopia Group (ASX: BKG) saw revenue jump by more than 50% in the second half of 2020, while earnings rose by more than 500%. The e-commerce retailer, which listed on the ASX in December at $2.30 a share, posted 52% increase in revenue first half to December 31, 2020 to $113 million (H1 FY20: $74.5 million); … Read more »
Shares in Booktopia jumped 25% on the opening day of trade for the online retailer as a four-year ambition for founder and CEO Tony Nash came true. The company (ASX: BKG) hit the market at $2.86, a 24% premium to the $2.30 issue price, when trade opened at 11am, before ending the day at $2.72… Read more »
Australian e-tailer Booktopia is planning to list on the ASX in December with a market capitalisation of nearly $315 million. The business lodged its prospectus today, hoping to raise $43.1 million, with an offer of 10.9 million new shares and 7.9 million existing shares at $2.30 per share. Existing shareholders will cash in $18.1 million… Read more »
Booktopia has rebounded from an aborted $10 million crowdfunding campaign last year to land double that amount as it pushes towards becoming the company leading book retailer. Champ Ventures CEO and co-founder Su-Ming Wong and JBS Investments CEO and founder John Sampson led a consortium of investors in a $20 million capital raise as the… Read more »
Booktopia CEO and co-founder Tony Nash Online bookseller Booktopia wanted to raise $10 million from an equity crowdfund Despite having nearly 2 million customers, just 850 people invested, raising less than 9% of the target The Sydney-based retailer is now talking to private investors Leading Australian book retailer Booktopia has walked away from its… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Breakthrough Victoria pivots with $7.5 million startup fellowship program to create 50 startups 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
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