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…
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