Australia’s Tyro Payments Ltd set the price that institutional investors will pay for its shares at A$2.75 each, as it aims to raise up to A$287 million ($195 million) in its initial public offering in Sydney.
The payment systems company said in a statement on Monday that the price would be fixed at the top of the A$2.50 to A$2.75 per share range which had previously been given to investors.
