By  on June 13, 2014

LONDON — The Mysale Group, which operates flash sale sites in Australia, New Zealand, South East Asia and the U.S., has released more details of its initial public offering, with the company set to float on the London Stock Exchange’s AIM market on Monday.

The company has set its placing price at 2.26 pounds, or $3.80 at current exchange, an ordinary share, giving it a market capitalization of around 340 million pounds, or $571.8 million. On admission to the market, 41.2 percent of the company will be in free float.

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