Snakk Media share offer near bottom of valuation range

Mon, 22 Apr 2013

April 23 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, wants to raise up to $2 million through a share purchase plan near the bottom of an independent adviser report's valuation range. The Auckland-based company will sell shares at 12 cents apiece, a 20 percent discount to the average trading price over the past 30 days, and near the lower end of the 10.9 cents to 20.6 cents range attributed to the stock by London-based Edison Investment Research. The research house had difficulty valuing Snakk...

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