How to analyse an IPO

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“In his book The Debt Trap Sebastien Canderle looks in detail at DX group to see what lessons can be learned. Debt once again was a familiar problem: it had a net debt to cash profits multiple above six times before relisting in 2014, which would have been nearer 11 times if some of the company’s owners had not previously written down part of their loans.”

By Julia Faurschou