Y Ventures Group Ltd ("Y Ventures" or the "Company) is offering 35m shares at $0.22 each via placement for a listing on Catalist. There will not be any public tranche, hence my rating will not be meaningful. The market cap is around $44m and the IPO will close on 7 July at 12pm and starts trading on 11 July at 9am.
Principal Business
On first look, the name Y Ventures seemed to suggest that it is a venture capital company. However, it is far from it and it is a e-commerce company. If you want the history of the Company on how the founders started the business selling used text books in 2003, you can find them on page 88. I find those few paragraphs more interesting part of the prospectus as it talks about how they actually started the journey.
A little excerpt on the history for ......