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 Radio Rentals chairman Bernard Carrasco said
in November that the
IPO will allow the company to expand its business within the
Australian household goods market.
 Radio
Rentals Australia has raised $56 million in an initial
public offering (IPO). The company is expected to be listed on
the Australian Stock Exchange next Wednesday under the symbol
RR. Radio Rentals announced it's intention to go public in
November (see
story).
Radio Rentals chairman Bernard Carrasco said in November that the
IPO will allow the company to expand its business within the
Australian household goods market.
A total of 113.4 million shares were offered at 50c each as part
of the December 13 listing. The offer closed on December 1.
Radio Rentals 67 locations and employs more than 400 staff.
Owner Thorn International will keep 10 per cent in the company
for at least 12 months.
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