SurfStitch

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Australia's SurfStitch aims for $186 mln market value in IPO plan

Reuters reports Australian online fashion retailer SurfStitch is preparing to float on the Sydney exchange, with a prospectus planned, an unnamed source says — roughly triple what Billabong fetched when it was sold months before.

SurfStitch rides wave of global success with ASX listing

SurfStitch listed on the ASX after buying Billabong's stake and Swell.com for about $35m and Quiksilver's Surfdome for $45m; its IPO and pre-IPO raising drew several prominent fund managers.

Surfstitch is now worth more than Billabong International

SurfStitch raised $50 million to fund its $23.7 million purchase of Surf Hardware International, pushing its market value past Billabong's. The Sydney-born retailer listed the prior December at $214 million.

Also Online Brands Group portfolio