Tyro Payments Ltd. is expected to list its shares through its planned IPO by Christmas, The Australian reported Sept. 5.
The Sydney-based payments processor is expected to be priced at approximately 10× its earnings in the offering. While the company is expected to be worth about A$2 billion, the IPO would likely be worth A$250 million, according to the report.
Morgan Stanley and JPMorgan are assisting Tyro Payments with the IPO.
