Opinion
Mad Paws throws ASX investors a bone with $3m buyout
Pet services platform Mad Paws has largely underwhelmed investors since its March IPO, but its acquisition of Waggly Club could set the dogs running.
Adir ShiffmanColumnistThe only thing more gratifying than a dog is selling stuff to its owner. Forty-two per cent of Australian households have a canine companion and the pet industry is worth $13 billion a year, yet Australia’s biggest online dog services platform, ASX-listed Mad Paws, is worth just $32 million.
Earlier this month it threw investors a bone with a $3 million acquisition of doggie treat subscription service Waggly Club. It sent the shares running in the right direction for the first time since its IPO in March.
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