Australian fintech startup Tyro eyes raising up to $173m in IPO

Photo: Tyro

Australia’s Tyro Payments filed a prospectus on Monday for a domestic initial public offering (IPO) that could raise as much as A$252.7 million ($173.23 million).

Tyro’s plan comes even as six listings have been aborted in October alone, highlighting a tough Australian IPO market as investors demand lower prices to protect against the possibility of post-float losses.

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