OZForex is expected to IPO to the tune of $440milion making it the largest purely domestic IPO this year
OZForex is expected to IPO to the tune of $440milion making it the largest purely domestic IPO this year. OzForex is partly owned by private equity, with The Carlyle Group, Macquarie Group and Accel Partners all signing off to sell their stake in the upcoming float. There has been some consternation from fund managers about PE not holding their stake through the float in the wake of poor performing recent IPO's. Full report in The Australian (VIEW LINK)
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