Home > Industry > Officeworks IPO Begins To Take Shape

Officeworks IPO Begins To Take Shape

officeworks

Wesfarmers have begun the process of selling off their stationary chain-store Officeworks, with early valuations for the company

As reported by the Australian Financial Review, the company sent detailed pre-IPO marketing reports to fund managers earlier today.

According to the reports, JPMorgan’s research team implied an equity value of $1.14 billion to $1.52 million while Macquarie Capital’s valued the retailer at betweeen $1.33 billion and $1.52 billion. UBS settled in on a similar score, forecasting an equity value of $1.146 billion to $1.469 billion for the company’s IPO.

Officeworks went from strength to strength in Wesfarmers most recent earnings report, with Officeworks CEO Mark Ward attributing the result to the chains strong execution during the critical back-to-school trading period.

The retailer brought in quarterly sales of $558 million, an improvement of 9% over the previous quarter.

“Officeworks remains focused on driving its ‘every channel’ strategy, and providing customers with a compelling offer by delivering great customer service, best value and being a one-stop shop,” Mr Ward said.

The AFR say that Ward and the company’s CFO, Michael Howard, have been actively pitching the business “as a baby Bunnings, with little direct competition from any one competitor and further room to increase its store count as populations grow inside Australia’s major cities.”



You may also like
Amazon Goes After Officeworks Core Retail Offering
Officeworks MD Quits
Wesfarmers Chairman Hits Out As Trump Tariffs Restored After Appeal
officeworks
Is JB Hi Fi Stripping Profits Out Of Officeworks, With Cheaper Prices Than Wesfarmers Owned Retailer
Motorola Edge 60 Fusion Review: AI-Driven Innovation in a Sleek Mid-Range Package

Popular Posts

IFA 2025 Introduces Enhanced Travel and Accommodation Services for Industry Visitors
Latest News
/
/
Slyp Launches AI Loyalty Tools to Tackle Customer Engagement Fatigue
Latest News
/
/
Disney and Universal Sue Midjourney for AI Copyright Infringement in Major Hollywood Legal Challenge
Latest News
/
/
Samsung Galaxy Z Flip 7 & Flip 7 FE Leak Ahead of Launch
Latest News
/
/
LG Made In The USA Strategy Could Push Up Prices In OZ
Latest News
/
/

Digital Magazines

Recent Post

IFA 2025 Introduces Enhanced Travel and Accommodation Services for Industry Visitors
Latest News
/
//
Comments are Off
IFA Berlin has announced comprehensive travel and accommodation packages for trade visitors, exhibitors, and media attending the world’s largest home...
Read More