Adairs listing could raise $220m

Financial advisors are in the final stages of book building for an Australian Stock Exchange listing for the manchester and homewares retailer, Adairs Retail Group. The 131 store retail chain is expected to be listed for trading in its shares on June 17. Goldman Sachs, UBS and Morgans have been seeking bids from institutions for a final price for Adairs shares, a price expected to be between $2.20 and $2.48 per share, which would raise between $201 million and $223 million depending on the final

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