OzForex opts for IPO

A share sale in OzForex may be completed by the end of the month.

OzForex Group will conduct an initial public offering with Macquarie Group Ltd and Goldman Sachs Group Inc that values the company at $480 million dollars in enterprise value.

The IPO's prospectus for an ASX listing will be sent out next week. A share sale, which may value OzForex at 18 times or 19 times future earnings, may occur within the month.

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