reports
- Zhen Zhou Toh
SiteMinder IPO - Impressive performance during pandemic
SiteMinder is looking to raise about US$467m in its Australia IPO. SiteMinder is an open hotel commerce platform that empowers hotels and accommodation providers (customers) to sell, market, manage and grow their business. It is essentially Shopify for hotel and accommodation providers. The company demonstrated its resilience during COVID-19 which is a testament of its value to its customers. SiteMinder is offered at 6.7x FY24 EV/Revenue and 8.9x FY24 EV/Gross Profit compared to the peer avera...
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