Australian FinTech Tyro Payments is looking to raise £132mn (A$250) in its Australian Securities Exchange debut.
In Brief:
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The company has launched the IPO with shares ranging from A$2.50 to A$2.75.
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This gives it the potential for a market cap of A$1.36bn.
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Tyro was foundedin in 2003 and has grown to 450 staff.
What does this mean?
The FinTech has a license to take on traditional lenders and offers products to small businesses – it is now the fifth largest electronic fund transfer point of sale in Australia.
