Meetic Plans 342 Million Euro Paris float
Monday, 10. October 2005 - 4:19 pm
REUTERS — Oct 4 — Meeticis preparing a Paris flotation that could value it at up to 341.7
million euros ($411.5 million). (estimated price range of 19.20
euros to 22.30 euros a share). Meetic is valued at seven times
2005 annual sales and 35 times 2005 earnings (EBTIDA). Launched
four years ago, Meetic operates in 13 countries and nine
languages. Meetic made a net profit of 2.7 million euros on sales
of 21.3 million euros in 2004. RELEASE @ REUTERS INDIA
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