Online foreign exchange specialist OzForex is set to emerge with a market capitalisation of $480 million when it makes its stock exchange debut next month.
The currency transfer business is part owned by Macquarie Group and private equity firm the Carlyle Group.
OzForex plans to sell 219.7 million shares at $2 a share, according to a prospectus lodged on Monday. It will raise an additional $24 million from the IPO that will be paid as a dividend to its existing owners - including Macquarie.
The company is planning its Australian Securities Exchange debut on October 11.
"After 15 years of building this business we've lodged our prospectus with the aim to go public shortly," OzForex chief executive Neil Helm said.
The company's founder, Matthew Gilmour, and an early OzForex investor Gary Lord will each reap about $60 million from the sale. Macquarie is set to receive a little more than $90 million from the sale.
Mr Helm said the company had been growing strongly in the past few years, and there were real opportunities for overseas expansion.
At $2 a share the company is priced at a multiple of 21.7 times its 2014 forecast profit of $18.6 million.