Australia's Best & Less Group rises over 8% in ASX debut

Best & Less group

26/07/2021 06:10

** Shares of apparel retailer Best & Less Group Holdings
 BST.AX  jump as much as 8.8% to A$2.35 per share on their first
day of trade
    ** BST priced shares at A$2.16 apiece in its initial public
offering, raising A$60 mln ($44.10 mln)
    ** About 3.1 mln shares of ASX-listed co change hands 
    ** BST is a speciality retailer with a focus on kids'
apparel 
    ** Co says it expects financial year 2021 pro-forma EBITDA
to more than double over the previous year, and outperform the
prospectus forecast of A$60.7 mln by about 15%

($1 = 1.3605 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))