Business bank Tyro considering ASX listing
Payments and banking company Tyro told investors this morning that it is considering an ASX listing in a brief statement posted online.
The company says that the listing is not a done deal, and a number of conditions must be met first.
“Tyro Payments Limited today announced it is investigating the potential to move from its current non-listed public company structure to an ASX listed structure, to provide its more than 450 shareholders access to greater liquidity and to secure other benefits that may follow from a listing on the Australian Securities Exchange,” says Tyro.
“In this context, and subject to market conditions and other relevant factors, the Company is considering the possibility of a listing within the next 18 months but not earlier than November 2019.”
Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).
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