Business software giant MYOB is returning to the Australian stock market on Monday after a six-year absence with a listing price of $3.65 a share.
The re-float is set to raise $833 million, which will fund debt repayments, and will give the company a market value of $2.1 billion.
Chief executive Tim Reed said MYOB had transformed during its six years under private ownership, an era which started when private equity group Archer Capital did a takeover.
"We've transformed MYOB into a wonderfully innovative business that continues to focus on the needs and challenges of small and medium enterprises," he said.
"We will welcome new investors to participate with us in our growth as more and more small businesses head to the cloud to manage their accounts."
MYOB has changed it focus in recent years to specialise in cloud-based accounting and payroll programs.
Chairman Justin Milne said there was strong demand from Australian institutions and US investors.
MYOB, which was previously listed from 1999 to 2009, continues to have US private equity group Bain Capital as a majority shareholder.
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