Bailador Technology Investments Limited (ASX: BTI) has entered into a definitive agreement to sell about $10 million of its current holding in SiteMinder at an enterprise valuation of $1.1 billion.
- As per the company, the cash realisation was started during SiteMinder’s recent equity raising which created a strong demand from many high quality international and Australian investors;
- The sale price of securities under the Cash Realisation indicates a $1.1 billion enterprise valuation for SiteMinder and signifies an effective IRR of 51% and a 21x multiple on the company’s original investment.
At AEDT 01:20 PM, the stock was trading at $1.110 per share, up by 0.452% from its previous close.
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