Hotel booking software company SiteMinder is close to finalising the terms for its much-anticipated float, which is expected to see it raise $600 million to value the business at 11.8 and 12.3 times revenue.
Offer metrics seen by fund managers have SiteMinder’s deal priced at $4.85 to $5.06 a share, which would imply a $1.19 billion to $1.24 billion enterprise value and $1.31 billion to $1.36 billion market capitalisation.
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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
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
