(Reuters) - Bain Capital is getting ready to launch a A$2.8 billion ($2.sixteen billion) preliminary public offering of Australian utility firm MYOB Ltd as early as Tuesday, the Australian newspaper pronounced on Monday.
The Australian referred to the united states-based mostly private fairness company regarded on direction to elevate between A$700 million and A$800 million from institutional fund managers with the enterprise scheduled to debut on the inventory trade at the end of April.
earlier within the month, Reuters reported that Bain Capital planned to file a prospectus for the sale by way of end-March.
($1 = 1.2937 Australian greenbacks)
(Reporting by Ian Chua; editing by way of Bernard Orr)
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