Tyro IPO to raise up to A$287.1 mln, bookbuild opens early - sources

TYRO Payments will raise up to $287.1 million in its initial public offering (IPO) which has been accelerated following an investor roadshow last week, according to two sources with direct knowledge of the deal.

By Scott Murdoch

HONG KONG, Dec 2 (Reuters) - TYRO Payments IPO-TYR.AX will raise up to $287.1 million in its initial public offering (IPO) which has been accelerated following an investor roadshow last week, according to two sources with direct knowledge of the deal.

A book message sent to investors, seen by Reuters, shows the IPO will sell 104.5 million to 109.1 million shares at a range of $2.50 to $2.75 per share.

Prospective investors were told that that book was already covered at the top of that price range.

(Reporting by Scott Murdoch, Byron Kaye; Editing by Kim Coghill)

((byron.kaye@thomsonreuters.com; +612 9321 8164; @byronkaye;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More