Business bank Tyro considering ASX listing

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).

To read more, please click on the link below…

Source: Business bank Tyro considering ASX listing

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