UPDATE 2-Australia's Tyro prices shares at top end of forecast range in IPO [Reuters (UK)]
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Source: Reuters
UPDATE 2-Australia's Tyro prices shares at top end of forecast range in IPO - Reuters 3 Min Read * Payments systems company prices shares at A$2.75 each * Aims to raise A$287 mln * Has had a better reception than other recent IPOs in Sydney * Fact it is not majority owned by private equity seen as positive (Adds fixed issue price) By Scott Murdoch and Byron Kaye HONG KONG/SYDNEY, Dec 2 (Reuters) - Australia’s Tyro Payments Ltd set the price that institutional investors will pay for its shares at A$2.75 each, as it aims to raise up to A$287 million ($195 million) in its initial public offering in Sydney. The payment systems company said in a statement on Monday that the price would be fixed at the top of the A$2.50 to A$2.75 per share range which had previously been given to investors. The timing of the IPO was bought forward a day following strong interest at the road show and the books will now close at midday on Tuesday, Sydney time (0100 GMT). Sydney’s IPO market is tough and has s
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