Lovisa closer to ASX listing

 

Lovisa oLovisa Holdings is expected to list on the Australian Securities Exchange (ASX) next month, with a market value of $210 million.

The BBRC-owned jewellery chain is reportedly looking to raise $102 million at $2 a share.

The chain is calling for bids by Thursday, with the prospectus expected to be lodged the following day, and a planned listing date of December 18, according to The Australian Financial Review.

Lovisa was founded in 2010, offering fast fashion jewellery lines and accessories.

It has more than 200 stores and operates in eight countries, including Australia, Singapore, Malaysia, South Africa, Dubai, and Kuwait.

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