Street Talk

SG Lottery cornerstone book hits $3b, dual track heats up

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Oct 21, 2021 – 10.38am

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SG Lottery has received offers worth more than $3 billion for its mooted initial public offering and ASX-listing, or about two-thirds of the potential offer size.

It is understood that SG Lottery and its lead managers have told potential investors that early demand was in excess of $3 billion, at a price valuing the company at 14 to 15-times EBITDA.

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.

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.