Australia’s biggest IPO in more than two years got the go-ahead on Friday when Myer, the country’s largest department store group, unveiled plans for a flotation. A listing, possibly in November, could raise up to A$3bn ($2.6bn). Australia is the latest country to demonstrate the rebound in IPO markets, underlined on Thursday when Carsales.com, an Australian classified advertising website that had raised A$164m, rose 14% on its debut.

This entry was posted by Gwen Robinson on Friday, September 11th, 2009 at 4:30 and is filed under Capital markets. Tagged with Carsalescom, Myer. Edit this entry.