BikeExchange Looks Set to Float on Stock Exchange

By Phil Latz | 17th December 2020 |

BikeExchange ASX listing — BikeExchange is set to become a rare Australian case study of the high market valuations that successful online businesses can achieve in a relatively short space of time if they can reach a global scale. Photo credit: BikeExchange home page.

Melbourne based international bicycle online marketplace platform BikeExchange appears to be preparing to float on the Australian Stock Exchange (ASX).

The Australian Financial Review (AFR) has been running a series of articles over recent months documenting the progressive stages BikeExchange’s preparation for a stock market float.

We recently reported on one of those here, the appointment of the former Chief Financial Officer of carsales.com, which is a much larger organisation that has already listed on the ASX.

Most recently, on Friday 4^th December the AFR reported that BikeExchange has been busy pitching its float to fund managers.

The AFR article speculated that at the suggested initial stock price, BikeExchange would have a market capitalisation of $76 million.

BikeExchange also operates in a range of countries outside Australia.