Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.Domestic advisor Reunion Capital Partners and Bank of America Merrill Lynch, Citigroup, Goldman Sachs and UBS plan to run a bookbuild after lodging the prospectus with regulators, the people said on Monday.The people are working on the deal, expected to be one of Australia's biggest IPOs this year, but asked not to be named because of the sensitivity of the matter.Lodging a prospectus would confirm U.S. private equity giant Bain's faith in the Australian share market for its first major asset ownership sale in the country. Bain had kept its options open for cutting its MYOB investment, including the possibility of a trade sale.
Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Shares of BAC remained unchanged at $16.09. In the past year, the shares have traded as low as $14.37 and as high as $18.21. On average, 96551800 shares of BAC exchange hands on a given day and today's volume is recorded at 88581887.
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