Australian foreign exchange services provider OzForex Group was reportedly set on listing on October 11 to raise AUD440 million or USD413.03 million in funds. 

According to prospectus for the initial public offering released on Monday, funds associated with venture capital firm Accel Partners and US private equity firm Carlyle Group, and investment bank Macquarie Group would be selling their stake in OzForex. Incidentally, Macquarie would be managing the listing with Goldman Sachs.
The prospectus also showed that an aggregate 240 million shares of the OzForex Group would be for sale and would be issued at AUD2 per share.

Once the IPO would be concluded, existing owners would be owning 20.3 million shares. OzForex founder Matthew Gilmour would be keeping his 4% ownership in the company and two early-stage investors would also follow suit. 

The Australian bourse is seeing a surge of IPOs lately. Online jobs portal Freelancer.com would be joining OzForex before the year ends. Media company Nine Entertainment Co. Pty Ltd was reportedly listing a AUD1.1 billion IPO soon.