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Furniture and homewares retailer Temple & Webster debuted on the sharemarket this week, but shares tanked, falling more than 30 percent.
Furniture and homewares retailer Temple & Webster debuted on the sharemarket this week, but shares tanked, falling more than 30 percent.
December 22nd, 2015
Temple & Webster’s $61 million initial public offer was oversubscribed, with shares issued to institutional and retail investors at $1.10 each. They fell as much as 37c to 73c on Thursday before closing at 90c. This share price plunge left Temple & Webster’s market value at $95 million (with an original pre-listing value of $116 million).
The four-year-old retailer is trying to shake up the $12 billion homeware and furniture market by proving that customers do not need to touch before they buy.
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Queensland’s Environmental Protection Agency (EPA) Sustainable Industries Awards are a showcase of the state’s business leaders, companies and technologies setting new benchmarks in environmental performance.
“Previous winners include a sustainable farming co-operative, a water-efficient ginger processing company, a world leader in developing advanced battery technologies and an ecologically driven supermarket chain.
“The EPA Sustainable Industries Awards sit perfectly with three of the Queensland Government’s Toward Q2 Tomorrow’s Queensland ambitions – strong, smart and green – by building on our strengths and protecting our lifestyle and environment.”
Entries are now open and close 27 February 2009. Apply here
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