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1.IPO results

31 July 2019 (TheAge) – IPO performance: Redbubble shares soar 45 per cent after first operating profit

[COMMENT: This is a report on the performance of an earlier IPO. The shares might have soared in recent days, but the share price chart shows they have not our performed much since listing in 2016.]

(31 July 2019, The Age, Business, p33, By Dominic Powell)

20190RedBubble share price performance since IPO in 2016 (Brainy)

RedBubble share price performance since IPO in 2016 (Brainy)

‘Shares in Redbubble surged 45 per cent as the design marketplace operator laid claim to its first full-year operating profit since its 2016 float. Unaudited total revenue jumped 40 per cent on the prior year to $307 million and gross profit jumped 48 per cent to $94.5 million. The company will report its audited results on August 28.’

Read more at TheAge.com.au

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