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Report: Australia's Afterpay Touch seeks share sale

Australian payments company Afterpay Touch Group Ltd. is looking to sell its shares, with Citi and Bell Potter working on the deal, The Australian Financial Review's Street Talk blog reported May 21.

The shares are being sold on behalf of Executive Chairman Anthony Eisen, CEO Nicholas Molnar and executive director David Hancock.

The brokers are calling for bids for 5.5 million shares in 2-Australian-cent increments, with a floor price of A$6.90 per share. The bookbuild was worth A$38 million at a floor price, or 2.5% of the company's issued equity.