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Dick Smith put into receivership 2 years after IPO

2016-01-04 23:23:12| Grocery - Topix.net

Dick Smith Holdings, the consumer electronics chain with 393 stores in Australia and New Zealand, has been put into receivership two years after being taken public by buyout firm Anchorage Capital Partners. The stock last traded at 35.5 Australian cents on the ASX, having tumbled 84 percent from the A$2.20-a-share Anchorage set for its initial public offering two years ago.

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