The smartphones, consoles and computers reseller has a clear ESG angle
Thursday 22 Apr 2021 Author: James Crux
Smartphones-to-computers recycler and reseller MusicMagpie ( MMAG:AIM ) is set to swoop onto AIM (22 April) today through a flotation valuing the ‘re-commerce’ business at £208 million. That market valuation equates to roughly 1.4 times historic sales and 15 times historic earnings. Trading as musicMagpie in the UK and Decluttr in the US, MusicMagpie is a specialist online reseller of used electronic products, games, CDs and DVDs. A ‘comfortably’...