Tyro Payments aims for billion-dollar valuation in ASX float
disallowed/business/companies/tyro-payments-aims-for-billion-dollar-valuation-in-asx-float-20191118-p53bq1.html(some extracts)
"...filing paperwork for an initial public offering with the exchange and corporate regulator on Monday.
The 16-year-old tech company is seeking to raise $252.7 million from sharemarket investors in a deal that could value its operations at up to $1.36 billion. It has set an indicative price range of $2.50 to $2.75 per share for the float."
"Up to $125 million of the shares for sale would be new stock, the rest would be sold down by existing investors."
"Tyro is still losing money, with latest figures showing the company posted a net loss of $18.6 million last financial year, down from $18.8 million a year earlier."
"Institutional investors had already committed to buy $140 million of the IPO stock, the company said."
