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Jefferies Financial Group’s price objective would suggest a potential upside of 40.62% from the company’s previous close. In FY2020, online book sales reached $920 million, 15% higher than the previous year; Online consumer book sales have increased at a CAGR of 7.5% since 2015, compared to -2.1% CAGR in offline consumer book sales; In FY2021, online book sales penetration is forecast to be 46.8%, an increase of. Su-Ming has over 35 years of direct investment, international corporate advisory and merchant banking experience. All titles are sold and distributed to book retailers across the region via Booktopia’s distribution division, Booktopia Publisher Services. Offer Price Industry Sector Shares Offer Listing Price Opening price on Listing Date % Change On Debut Accumulated % Change 01413: Kwong Luen Engineering (01413) 03/11/2021 Grande Captial HK$0.50-0.54 Construction The ability to leverage Booktopia Group’s technology, efficient business practices and infrastructure across the Angus & Robertson platform has been integral in reducing delivery times and increasing customer satisfaction with Angus & Robertson. BPS sets internationally competitive Recommended Retail Prices and offers its B2B customers excellent discounts. He has also been named in Inside Retail’s Top 50 People in E-Commerce for five years, in 2019 and 2020 being awarded Number 8 on the list, as well as being a finalist for the BRW’s Best Rising Star Award. Steven Traurig was involved in the establishment of Booktopia. Have you read about Booktopia’s (ASX:BKG) record first-half results? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. Booktopia (ASX:BKG) share price jumps 15% on IPO today - Motley Fool Australia - MidCoast Online News Marina holds a Bachelor of Arts from Macquarie University and a Master of Business Administration from the University of New South Wales. He began his career at IBM Australia as a software engineer and subsequently pre-sales systems engineer, before joining Somerset Systems in 1992 specialising in business development and consulting in e-commerce and workflow. Rask’s investment analysts have identified 3 growth stocks set to benefit. He was a member of the Council of University of Technology Sydney, a founding director of National ICT Australia, a member of the Industry Research and Development Board and a director of Unisearch. He has over 35 years’ experience in international business, technology, strategy, finance and management. Booktopia Group’s two main sales channels are Booktopia and Angus & Robertson。. The Booktopia Group Ltd (ASX:BKG) share price has gone up 10% in reaction to an update. All IPO information is retrieved from the Company’s Prospectus. Su-Ming is currently a director of Booktopia and Scentia. These information does NOT take into account your personal objectives, circumstances, financial situations or needs. (Online Book Sales by Value (Consumer Market), Australia, FY2015 to FY2022F), Book Retailer to business and government Segment (B2B/B2G). The company issued 9,600,000 shares at a price of $12.00-$15.00 per share. All IPO information is retrieved from the Company’s Prospectus. The book retailer to business and government (B2B/B2G) segment of the book market includes sales of books to businesses and governmental bodies, primarily educational institutions. Book lovers rejoice: Australia's largest online book retailer, Booktopia (BKG), has joined the ASX today following a neat $43.1 million initial public offering (IPO). Four of the largest new listings of 2020 were not IPOs, but important additions to the menu of investment opportunities available on ASX, including: of about 13.5 cr. Operates a Content, Customer and Order Management System: which allows staff to manage and alter website content and ensures customer service staff can easily find, review and modify customer account details and orders; and In 2018, Su-Ming was appointed as a Professor of Practice at the UNSW Business School, UNSW. The website offers customers a different experience from that offered by Booktopia through different shipping offers, pricing, merchandising and promotions. What Else: The cryptocurrency exchange opted for a direct listing rather than a traditional Initial Public Offering (IPO), making this the first major direct listing on the Nasdaq. Booktopia Group has identified a number of initiatives to drive revenue and earnings growth going forward including: Chairman and Independent Non-executive Director. That means, the advice does not take into account your objectives, financial situation or needs. Their average twelve-month price target is GBX 4,957.80 The high price target for BKG is GBX 6,330 and the low price target for BKG is GBX 3,160. It shall NOT be considered as complete or a substitute for you to read and understand the Prospectus. In FY2022, online penetration is forecast to be 49.0%. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. Booktopia Group holds products in stock that customers want, uses high-quality packaging materials and machinery, efficient picking and packing technologies and trained staff to enable the Company to keep its customer promise of shipping quality products backed by local customer service anywhere in Australia as quickly as possible. Investors shall refer to the Prospectus for detailed information. Proprietary systems also conduct “dynamic pricing” for products (i.e. Australians spent $2.54 billion on books (including eBooks); Of this total market, 36% was spent online accounting for approximately $920 million; Booktopia Group had 6% market share by value of all consumer book sales (offline and online), and almost 15% share of online consumer book sales; and. BKG: IPO - Booktopia Group Limited - 3 December 2020 # Thread: IPO News: 31: 12K: 1: 09/11/20: 09/11/20: ASX - By Stock: Thread Created with Sketch. Let's take a look. Here is a note on Burger King India IPO (BKG) IPO. The IPO information on the website provided by 61 Financial only serves general information purposes, it does not constitute financial product advice. Booktopia Publisher Services (BPS) was established in 2017 as a division of Booktopia to offer publishers a distribution solution to the Australian and New Zealand market. Best People grew to employ more than 35 people. She co-founded an e-commerce start-up in thDirectore late 1990s and subsequently worked as a General Partner in an Australian/US venture capital fund that invested in Australian start-ups with unique IP. His clients have included Telstra, Qantas, AMP, Westpac, Origin, Inchcape, Toyota, GM, FedEx, Brambles, Caterpillar, CSR and Oracle in Australia and globally where he led various market entry strategies, business expansion and major transformation/merger integration projects. On this basis, online consumer book sales will reach $1,051 million in FY2021 and $1,111 million in FY2022. You shall not rely on this information for any investment decisions. He co-founded CHAMP Ventures in 2001. You shall obtain professional financial advice before making any investment decisions. (DFH) raised $130 million in an IPO on Thursday, January 21st 2021. Booktopia Group had a 10% share of the B2B/B2G book market in FY2020. Unsubscribe anytime. The IPO opens from 2-4th Dec 2020 in a Price Band of ₹ 59-60 per share ; The IPO includes a Fresh Issue of ₹ 450 cr. In his role as Chief Technology Officer, Wayne oversees all R&D for both Booktopia and Angus & Robertson which includes all system development and the business’ integrations into external systems and third-party channels. CHAMP Ventures is an Australian mid-market private equity funds manager. This proved to be a good move, with the Booktopia share price gaining 13% in the final quarter. So the total IPO size is max 810 cr. Get the latest stock price for Brigadier Gold Limited (BRG), plus the latest news, recent trades, charting, insider activity, and analyst ratings. The grey market is unofficial but investors looking at the grey market price of an IPO to get the fixed gain of the stock. The $21.57 average price target implies an upside of 30% from the $16.55 trading price. This permits the Company to source products both locally and globally to ensure customers have ready access to the latest domestic and international titles. Su-Ming is a director of Asia Society Australia, Sydney Writers’ Festival and a member of UNSW Business School Advisory Council. They presently have a GBX 6,055 ($79.11) price objective on the stock. Chief Executive Officer and Managing Director. Booktopia Group currently holds over 145,000 Stocked Titles. Geoff has a long career working for major professional services firms (AT Kearney, Andersen, EY and Deloitte) and for global and Australian clients on projects spanning corporate innovation, new business growth, complex transformations and merger integration. IPO capital raised was down 23 per cent at $5.3 billion, but the market value of new listings, including IPOs, spin-offs, direct and dual listings, was up 148 per cent year-on-year at $35.7 billion. Big time. S&P/ASX 200 set to fall – RWC, BKG & iron ore shares in focus, Here’s why the Booktopia (ASX:BKG) share price has jumped 10%. In 1998 he helped form Radiata, a technology start-up in Sydney and Silicon Valley, and as Chair and Chief Executive Officer steered it to a sale to Cisco Systems in 2001. Get ASX BKG share research and more on Rask Media. The Company’s software is developed by an in-house team. Booktopia Group acquired the Angus & Robertson business (www.angusrobertson.com.au) and brands from Penguin Random House in August 2015. It was ultimately sold to Volante Group Limited, which was ASX listed at the time of the sale. Tony studied computer programming at Control Data Institute and worked as a programmer at Cockatoo Dockyards in the mid-eighties. Book retailing in Australia is undertaken by retailers with physical stores only (bricks-and-mortar), as well as those operating both through physical premises and online (bricks-and-clicks), and online-only retailers such as Booktopia Group (online pure-plays). All data is originally sourcing from ASX through an ASX's third party data vendor. Stock Symbol LSE:BKG ; IPO Date Jul 1, 1988; Stock chart by . Chris Beare joined the Booktopia Board as Chairman in October 2016. The Booktopia website has over 31,5005 external product reviews and over 158,000 onsite reviews by customers helping prospective buyers make better purchasing decisions. Here is a note on Burger King India IPO (BKG) IPO. Investors shall refer to the Prospectus for detailed information. Here are the key points. Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Advisory Council. Booktopia IPO key numbers; Offer price: $2.30: Dividend yield: 0%: Total number of shares available under the offer: 10.9 million new shares: Proposed ASX code: ASX: BKG… Geoff joined Booktopia in 2020 as the Chief Financial Officer and was previously the Chief Growth Officer for Serco Asia Pacific, a global public sector services business. Booktopia Group’s proprietary software systems form a key part of its competitive strengths and support its business processes and practices. He joined Tony Nash in his online recruitment company Best People International in 1998. The underlying website infrastructure has been developed in-house and has the capacity for customers to search 5.9 million products through the website (as at the Prospectus Date). Booktopia Sales are generated via a number of channels including the Company’s proprietary websites, third party sites such as eBay and TradeMe (in New Zealand) and from an extensive affiliate network through which third parties refer traffic to Booktopia Group websites. share price news, research and dividend analysis. Expand distribution and publishing businesses. Quote and financial data from Refinitiv. Steven has been in the online commerce industry for over 20 years and is Tony’s brother-in-law. In 2020, Booktopia completed the acquisition of the University Co-op Bookshop, increasing its presence and establishing a more extensive connection with leading universities, TAFEs and other academic institutions. The business now shares the same distribution channels, logistics and data feeds as Booktopia, and is fully integrated into Booktopia Group’s custom-built Warehouse Management System. Tony has been instrumental in growing Booktopia and formulating its business strategy throughout that time. automatic price adjustment), maintain stock levels in line with expected demand and manage foreign currency exposure, to enhance stock turnover and revenue. Chief Commercial Officer and Executive Director. Deputy CEO, Chief Technology Officer, Executive Director. Booktopia Group’s strategy is to continue to leverage an Australian brand that has been of service to several generations of Australians, using the technology systems, efficient business practices and infrastructure it has applied to the Booktopia brand to date. Other traditional book retailers and discount department stores also compete with Booktopia Group. Warehouse Management System: that supports the movement of product through the - Distribution Centre; allows staff to place electronic purchase orders and receive electronic invoices; delivers custom-built interfaces for handheld devices (e.g. The high IPO price will also benefit BTS’s seven members, who were each given 68,385 shares in Big Hit in August. They are subject to change by the company at any time. Wayne Baskin started as Booktopia’s first developer in 2008, having spent 4 years at GE Commercial Finance. The information on this website is general financial advice only. shares, and about 35.5% of the equity share capital. Reliance Worldwide (ASX:RWC) and Booktopia (ASX:BKG) shares are in the news. In FY2020, online accounted for almost 43% of consumer book sales, having increased from 32% in 2015; and. For any changes, you shall refer to the company’s official website or the latest version of the Prospectus. Marina is the Chair of the Super Netball Commission, Ovarian Cancer Australia and The Walkley Foundation, and is currently a non-executive director on the boards of Energy Australia, 7-Eleven, Autosports Group, Adore Beauty and Pro-Pac. Booktopia is an online book retailer in Australia and New Zealand. Booktopia is the largest Australian-owned online book retailer by market share. The grey market works before the IPO listing and during the days from IPO start date to the allotment date. The Booktopia Group Ltd (ASX:BKG) share price edged higher today as the online book retailer released its half-year results. His expertise spans corporate innovation and growth, business strategy and execution, and major transformational change as well as operational management and people leadership. ASX Codes, Offer Opening and Closing Dates are proposed only and are subject to change without notice. Let's take a look. Or is BNPL a ticking time bomb? The offer contained in this prospectus comprises the issue by the company of 18.8 million shares at $2.30 per share to raise gross proceeds of $43.1 million (before costs and expenses) . Fiona was a director of MYOB (formerly ASX: MYO) prior to its purchase by KKR. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold." BPS leverages Booktopia’s state-of-the-art logistics and warehousing capabilities. In FY2020, Stocked Titles (excluding eBooks and magazines) accounted for 85% of Booktopia Group’s total units sold. The company was founded in 2004 and has grown to be the largest Australian-owned online book retailer by market share shipping on average 25,000 items per business day. Prior to making any investment decisions, it is important for you to read and understand the Prospectus and/or any other disclosure documents issued by the relevant product issuer, to ensure that you fully understand the risks involved in light of your personal circumstances; and you shall also obtain professional / independent financial advice. Improving the rate at which website visitors purchase products (conversion rates); Continued expansion into the educational and corporate book sales sectors; Continued investment in the Distribution Centre to deliver additional automation and efficiency and in doing so increasing its operating margins; Continue to seek further partnerships, to leverage brand, customer database and website traffic; Potential acquisitions of other synergistic companies; Continue to roll out the Booktopia customer loyalty program; Leveraging the Company’s customer database to improve customer marketing initiatives; and. These include department stores and online aggregators, such as Amazon. The IPO information on the website provided by 61 Financial only serves general information purposes, it does not constitute financial product advice. TAKE CONTROL OF YOUR MONEY TODAY WITH OUR FREE ONLINE COURSE. View real-time stock prices and stock quotes for a full financial overview. View real-time stock prices and stock quotes for a full financial overview. Link for the Prospectus:https://events.miraqle.com/booktopia-ipo/Country-Validation/, (Disclaimer: The above key dates are for references only. Geoff is an entrepreneurial senior executive with consistent success in starting, building, growing and improving the performance of businesses, both as a senior advisor and as a business leader. barcode scanners) in the Distribution Centre, and calculates daily desired stock levels and reorder values through a series of in-house developed demand-based algorithms. Read our Terms, Financial Services Guide, Privacy Policy. The OC Micro-Cap Fund participated in the IPO of this online book retailer. Information / summary provided on this webpage comes from the Prospectus, which only serves general information purposes. Invest in and expand the distribution centre to allow for increased operating efficiency and growth; Increase stock and for working capital purposes; and. Tony Nash was involved in the establishment of Booktopia while working in his family’s company as a sideline to the core internet marketing consulting business, Globalise Pty Ltd, which was established in 2001. The company listed on the ASX in December 2020 at an IPO price of $2.30. She is a member of O’Connell Street Associates, the Australian Institute of Company Directors and the University of New South Wales Business 61 Financial Information Technology Pty Ltd - © 2020, https://events.miraqle.com/booktopia-ipo/Country-Validation/. Key competitors with global brands who may compete through Australian or internationally based operations include Amazon (including Book Depository), Apple’s iTunes and Google Play. Is Macquarie (ASX:MQG) the best blue chip to buy at this share price. The Distribution Centre currently holds over 600,000 ready to ship units (representing over 145,000 separate Stocked Titles), with further investment at Booktopia’s current facility the Distribution Centre will be able to hold approximately 1.8 million units. As the ANZ distributor, BPS is offered deeper discounting than if it was a retailer and holds the stock on consignment rather than purchasing it upfront. He has lived in Asia and worked extensively across Europe, Asia and North America with substantial Consumer, Retail, Automotive and Technology industry experience. Since 2015 revenue has grown at a CAGR of 26.4% per year, Proprietary software and algorithms: proprietary algorithms enable dynamic pricing and maintenance of demand-driven stock levels to enhance stock turnover, faster delivery times and increased, Industry-leading automation and infrastructure: delivery and dispatch docks built for express receipting and shipping (current outbound capacity of 30,000 items per day, increasing to 60,000 items per day by November 2020), Strategic supplier relationships in Australia and overseas, Experienced Board: and dedicated founder-led management team, Multiple levers for business growth: continued expansion into the education and corporate book segments, and investments into the distribution centre, Local, knowledgeable customer service: Staffed by knowledgeable customer service personnel. The bull and bear case for the CBA (ASX:CBA) share price. She practiced as an engineer and was as a management consultant with The Boston Consulting Group in Boston and Sydney, during which time she was a member of both the Consumer Goods and Technology and Financial Services Practice Group. Since FY12 it has sold more than 32 million items. Although we endeavour to ensure the accuracy of all information contained on this website, we make no warranty about the accuracy, completeness, reliability or timeliness of such information. For the 12 months to 30 June 2020 the website invoiced on average 474,796 units per month and with an average order value per customer of $67.45 inc GST. Online bookshop Booktopia gains over 20 per cent at its $43.1m IPO December 3, 2020 | Nick Sundich. SEC Filings . Its supply chain includes strong working relationships with Australia Post, publishers, distributors, wholesalers, suppliers, freight and courier companies. In 2018 he won the Industry Recognition Award at the Online Retailer Industry Awards. Tony is a Life Member of the Wilderness Society, the RSPCA (NSW) and the Australian Republican Movement. Today's Booktopia IPO on the ASX saw the Booktopia share price leap as high as $2.86 minutes after listing. In-house merchandising and product experts: employs a team of book merchandisers to work with publishers to promote upcoming new releases, and interview authors, create promotional podcasts and videos, and email marketing campaigns. Booktopia Group operates predominantly in the Australian book industry: (Select Booktopia Groups social media presence), (Booktopia website and Angus & Robertson website site traffic), (Expand distribution and publishing businesses). Today's Booktopia IPO on the ASX saw the Booktopia share price leap as high as $2.86 minutes after.. • Markets • One News Page[Aus]: Thursday, 3 December 2020 We have been granted with the ASX MarketSource Delayed Licence and ASX ComNews Delayed Licence. We value your privacy. The Australian e-commerce group recently launched its IPO on the ASX in December 2020. He was listed in Who’s Who of Australia in 2019. All quotes delayed a minimum of 15 minutes. Its products include e-books and ancillary products. The S&P/ASX 200 (INDEXASX:XJO) is expected to tumble when the market opens on Thursday. IPO Watch. The Australian brand is 134 years old. By FY2022, online is forecast to reach $1,111 million and account for approximately 50% of consumer book sales. Booktopia has an arrangement with Rakuten Kobo to promote the sale of eBooks and audiobook downloads through Kobo. of about 13.5 cr. The industry can be further divided into book specialists and aggregators (both online and offline) who sell books amongst a broader range of product categories. He became a recruiter for the computing industry whilst living in London. News. He has been chairman/director of over 20 Australian companies operating across retail, technology, value-adding manufacturing, financial services, healthcare and tourism sectors. Booktopia Group has developed an extensive supply chain with over 150 suppliers providing products from around the globe. As we emerge from COVID-19, some tech companies are growing faster than ever. Angus & Robertson is an Australian brand that manages a diverse catalogue, including a selection of Australian and international bestsellers from multiple suppliers. Learn which companies are planning to go public soon, and when they are scheduling their IPOs. Join the HotCopper ASX share market forum today for free. She is a former member of the Federal Government’s Innovation Australia Board, ASIC’s director Advisory Panel and a Councillor for The Australian Investment Council. He then sold computers for a short period before travelling around the world for 3 years. BKG Share Price and … Let's take a look. HotCopper has news, discussion, prices and market data on BOOKTOPIA GROUP LIMITED. Booktopia selects these products from approximately 33.8 million products which are potentially available to the brand from Booktopia Group’s suppliers. Booktopia is offered 10.9 million in new shares and 7.9 million in existing shares at $2.30 each, giving the company a … The Booktopia Group Ltd share price has gone up 10% in reaction to an update.. Booktopia is the largest Australian-owned online book retailer by market share. BofA Securities, RBC Capital Markets, BTIG, Builder Advisor Group, and Zelman Partners served as the underwriters for the IPO and TCB Capital Markets and Wedbush Securities were co-managers. We’ll never sell your email address. BPS distributes books to more than 700 bookstores and businesses across Australia. He has been the Chief Information Officer and is currently Chief Commercial Officer for Booktopia, as well as overseeing a number of business programs including infrastructure, security and HR. Booktopia Group Ltd (ASX: BKG) is the largest Australian-owned online book retailer by market share. Company ; Careers ; Partners ; Blog ; Press ; Contact Us ; What We Do. While reasonable efforts are made to update the information, we make no warranty about the accuracy, completeness, reliability or timeliness of the information.). After Hambros was acquired by Société Générale in 1998 Chris remained a Director of SG Australia until 2002. BPS also distributes Booktopia’s own publishing imprint, Booktopia Editions. They are subject to change at any time without notice. Tony and Steven have been in business together for 22 years. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Not only does it sell books, it also sells e-books, DVDs, audiobooks, magazines, maps, calendars and so on. Stay Connected. In his first 5 years he built the company’s bespoke website, their custom Warehouse Management System and was responsible for the implementation of the business’ pricing and inventory algorithms.