By  on September 28, 2009

SYDNEY — Australia’s largest department store group, Myer, has released the details of its initial public offering, which is expected to raise as much as $2 billion.

Myer’s shareholders, including Texas Pacific Group, are offering between 479.3 million and 499.5 million shares by selling off their existing stakes in the company and issuing new shares, according to an IPO prospectus distributed Monday.

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