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Bain-Backed Myob To File For $2.3 Billion Australia Ipo By End-March: Sources

By Ron Burgundy,
March 16, 2015 in Tech News

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Ron Burgundy

Posted March 16, 2015

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Posted March 16, 2015

By Byron Kaye SYDNEY (Reuters) - Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters. Domestic advisor Reunion Capital Partners and Bank of America Merrill Lynch, Citigroup, Goldman Sachs [GSGSC.UL] and UBS plan to run a bookbuild after lodging the prospectus with regulators, the people said on Monday. The people are working on the deal, expected to be one of Australia's biggest IPOs this year, but asked not to be named because of the sensitivity of the matter. Lodging a prospectus would confirm U.S. private equity giant Bain's faith in the Australian share market for its first major asset ownership sale in the country.

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