MELBOURNE: McGrath Ltd and its owners are seeking to raise as much as A$135.2mil (US$97mil) in Australia's first initial public offering by a real estate agency after three years of surging home prices.
Existing investors, including millionaire founder John McGrath, plan to sell 31 million of their shares as part of the IPO, while 29.4 million to 36.8 million new shares will also be issued.
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