MYOB Group Limited (MYOB) today commenced trading of its fully paid ordinary shares (shares) on the Australian Securities Exchange (ASX) at approximately 12.00pm AEST. At close of market the shares were trading at a price of $AU3.89
The listing follows the successful initial public offering of MYOB which raised proceeds of A$832m from retail and institutional investors.
Bain Capital remains the majority owner of MYOB, holding approximately 57 per cent of the total issued capital of the company, while MYOB management hold approximately 3 per cent of shares on issue.
Established in 1991, MYOB is Australia and New Zealand’s leading accounting software provider. It makes business life easier for over 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, CRM, websites, job costing, practice management, inventory, mobile payments and more.
To view a statement from Tim Reed, MYOB CEO see below.
For further comment or other information please contact:
Sarah Beyrath, MYOB PR and Corporate Affairs Manager
P: 02 9089 9043 / M: +61 427 223 841 / E: Sarah.Beyrath@myob.com
Established in 1991, MYOB is Australia’s leading accounting software provider. It makes life easier for approx. 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, CRM, websites, job costing, practice management, inventory, mobile payments and more. MYOB also provides ongoing client support via many channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and spends more than AU$35 million annually on research and development. For more information, visit myob.com.au.
About the MYOB Business Monitor
After six years of conducting the MYOB Small Business Survey we've enhanced it to better reflect the profile of Australian businesses. We've now incorporated medium businesses, along with the sole traders and small businesses that were already part of the survey. We're pleased to present the new look MYOB Business Monitor.
The MYOB Business Monitor is a national survey of over 1000 Australia's business owners (and directors) conducted twice a year by Colmar Brunton.