Nitro Software plans Australian IPO despite spate of listing cancellations

Nitro Software plans Australian IPO despite spate of listing cancellations

FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

U.S. firm Nitro Software Ltd said on Friday that it plans to raise A$110.2 million ($74.78 million) through an initial public offering (IPO) in Australia, braving a tough local market where several listings have recently been pulled.

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