Sosandar – bonkers valuation of the week!
The online women's fashion brand has made huge strides since arriving on AIM as a virtual start-up at the end of 2017, but the valuation looks fairly ludicrous to us, but that’s the nature of this crazy market…
Sosandar (AIM:SOS) has just provided an update on trading for the 6 months ending 30 September and news of a placing – it’s a good idea to raise some dosh when the share price is flying high. To set the scene… Sosander arrived on AIM in November 2017, raising £5.3m at 15.1p per share, with the resulting market capitalisation on AIM admission £16.1m – not bad for start-up with insignificant revenues! The business only launched in September 2016 and is the brainchild of former Look magazine editor Ali Hall and former Look and InStyle publishing director Julie Lavington. The Company…