Xero rival MYOB files for IPO, valuing company at $A2.34-2.69b
The magic of comparing yourself to Intuit's multiples. UPDATED: CEO Tim Reed on all those "pro forma" numbers; paying down the debt mountain and Xero's sledging.
Confirming Australia's worst-kept secret, Xero rival MYOB has lodged a prospectus for an initial public offering and listing on the ASX.
The offering to retail and institutional investors will put 40% of the company on the block in a bid to raise $A831.7-833.8 million. Based on an indicative price
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Chris Keall
Wed, 01 Apr 2015
Wed, 01 Apr 2015
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Xero rival MYOB files for IPO, valuing company at $A2.34-2.69b
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