Link Group's initial public offering is set to be priced at 21 to 24-times forecast 2016 financial year profit, valuing the company's equity at $2 billion to $2.3 billion.
Link's enterprise value has been pegged at between $2.3 billion and $2.6 billion while the EV/EBITDA range is 13 times to 15 times.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
