MYOB Group Limited (MYOB) has announced an initial public offering (IPO or Offer) and listing on the ASX for its fully paid ordinary shares. The offering to retail and institutional investors is expected to raise total proceeds of A$831.7 to A$833.8 million, with an indicative price range of A$3.00 – A$4.00 per Share. This would value the company at a total enterprise value of A$2.34 to A$2.69 billion.

MYOB is majority owned by private equity group Bain Capital, and Bain Capital will not sell any of its shares into the offer. Bain is likely to hold approximately 57% of the total issued capital after the IPO.

Further information is available via prospectus, Broker Firm Offer, Priority Offer, Employee Offer and Institutional Offer close 27th April 2015. Joint lead managers are Citigroup Global Markets Australia Pty Limited, Goldman Sachs Australia Pty Ltd, Merrill Lynch Equities (Australia) Limited and UBS AG, Australia Branch. Find out more