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Tweets from MYOB Prospectus

On the 31st March, MYOB lodged its initial public offering (IPO) prospectus with the Australian Securities and Investments Commission (ASIC) for a listing on the Australian Securities Exchange (ASX).

As MYOB operates in the technology space and given Clare Capital’s past and current work with one of its competitors, Xero (NZX:XRO), the firm sent out a series of tweets regarding some brief analysis on MYOB’s Prospectus.

The next nine tweets follow a back-of-the-envelope calculation on MYOB’s potential valuation. Note: this is rough and should not be interpreted or analysed as a firm valuation of MYOB – more on the lines of a valuation framework.

Based on the very brief analysis above, the potential valuation is towards the lower end of MYOB’s Enterprise Value range as mentioned in their Prospectus.

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