Outdoor advertising company oOh!Media is looking to raise between $226.8 million and $247.6 million through its IPO in December.
Led by CHAMP Private Equity, the AFR reports the indicative share price range of between $2.45 to $2.85 gives the company a market value of between $324.1 million to $353.7 million or about 8.2 to 8.8 times expected EBITDA.
The company’s competitor APN Outdoor listed earlier this month at 9.4 times EBITDA.
The private equity company is expected to retain about 23% of oOh!Media when it lists in mid December.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.