Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
MYOB ready for listing at $3.65 per share
Posted on 1-May-2015 14:15 | Tags Filed under: News



MYOB Group Limited has successfully completed the institutional bookbuild for its initial public offer yesterday. The Final Price was determined at the conclusion of the bookbuild and is $3.65 per Share.

MYOB Chairman Justin Milne noted the strong demand for the company’s shares from a range of investors. “I am inspired by the great support we have received from investors around the world, including local institutions in Australia as well as US investors. We saw a significant level of participation from Eligible Retail Noteholders in the offer, with approximately 57% of holders exchanging their notes into shares. We see this wide range of investor interest as a strong vote of confidence in MYOB.”

Tim Reed, Chief Executive Officer of MYOB, said: “Listing on Monday will be a proud day for the whole MYOB team. In the past six years as a private company, we’ve transformed MYOB into a wonderfully innovative business that continues to focus on the needs and challenges of SMEs. We will welcome our new investors to participate with us in our growth as more and more small businesses head to the cloud to manage their accounts.

“By focusing our R&D on Australia and New Zealand, we believe our cloud solutions are an excellent fit for businesses and accountants in this exciting market segment,” he added.

Craig Boyce, MYOB director, said: “It has been a privilege to work with the team at MYOB over the last 3.5 years. Bain Capital prides itself on building great businesses such as MYOB, possessing a well-known brand with innovative products and leading market share, led by an experienced management team in an exciting and dynamic industry. As a Director, I am eager to continue supporting the growth of this iconic, Australasian, cloud-driven technology business with our new shareholders.”

MYOB's largest shareholder, Bain Capital will retain approximately 58% of MYOB, reflecting its continuing support for the company.

MYOB’s Shares will trade under the code MYO and are expected to commence trading on the Australian Securities Exchange on Monday, 4 May 2015 at midday Sydney time on a conditional and deferred settlement basis.






comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by Rikkitic on 27-May-2017 12:55 (161 replies)
Pages... 9 10 11


NZ Herald - Internet providers have backdoor access to customers' modems
Created by RunningMan, last reply by Oblivian on 27-May-2017 23:02 (28 replies)
Pages... 2


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by frankv on 25-May-2017 16:29 (136 replies)
Pages... 8 9 10


Tailgaters?
Created by Linuxluver, last reply by reg52nz on 25-May-2017 16:29 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by freitasm on 27-May-2017 19:32 (4367 replies)
Pages... 290 291 292


Tax Cuts
Created by tdgeek, last reply by mattwnz on 27-May-2017 18:47 (62 replies)
Pages... 3 4 5


Tipping? Please no!
Created by BlueShift, last reply by cddt on 27-May-2017 10:10 (104 replies)
Pages... 5 6 7


Variable speeds on Fibre Max
Created by kapitikarl, last reply by nutsterrt on 27-May-2017 15:20 (45 replies)
Pages... 2 3