ASX hopeful Pacific Smiles has told fund managers its indicative share price range will be between $1 and $1.30, which represents a multiple of 17 to 22 times forecast profit.
Sarah Thompson, Anthony Macdonald and Jake Mitchell
ASX hopeful Pacific Smiles has told fund managers its indicative share price range will be between $1 and $1.30, which represents a multiple of 17 to 22 times forecast profit.
CBA Equities and Bell Potter Securities are running the float and the dental chain’s management have been meeting potential investors throughout this week. Pacific Smiles operates 42 dental clinics across Australia’s east coast and is targeting to grow its network by six to 10 centres a year.
