Nine IPO expected to raise $600m

Nine's advisers complete sales facility for existing shareholders.

The expected outcome of Nine Entertainment Co's float is clarifying, with analysts forecasting the initial public offering (IPO) will yield the company and its owners about $600 million, according to The Australian Financial Review.

Nine's investment banking advisers completed a sales facility for existing shareholders to sell into the float on Wednesday, which was expected to raise about $325 million, the AFR reported.

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