Nov 8 (Reuters) - Australian payment services provider Cuscal filed for an A$337 million ($224 million) initial public offering $(IPO.UK)$ on Friday, which would make it the country's largest such deal this year.
The IPO will consist of 134.7 million shares sold at A$2.50 each, valuing Cuscal at A$479 million.
Of the total, Cuscal will sell shares worth A$40 million, while existing shareholders will raise A$297 million by selling shares.
The planned A$337 million IPO will surpass the A$335.1 million that Mexican food chain Guzman Y Gomez GYG.AX raised in June, which remains Australia's largest IPO this year.
Australian stock listings have been showing some signs of recovery this year after 2023 recorded the lowest number of listings in a decade.
Sydney-based Cuscal expects to begin trading on the Australian Securities Exchange on Nov. 25 under the ticker 'CCL'. ($1 = 1.5035 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Savio D'Souza)
((Aaditya.GovindRao@thomsonreuters.com;))
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