Australia's payment services company Cuscal opens flat in trading debut
Adds deal detail from second paragraph
SYDNEY, Nov 25 (Reuters) -Australian payment services company Cuscal CCL.AX opened flat in its debut on Monday compared to its A$2.50 per share initial public offering (IPO) price.
The Sydney-headquartered firm raised nearly A$337 million ($221 million) in the IPO with a A$479 million market capitalisation, according to a statement.
The company sold A$40 million in new shares and about A$297 million from existing shareholders selling stock in the deal, the statement said.
($1 = 1.5281 Australian dollars)
Reporting by Scott Murdoch and Byron Kaye in Sydney; Editing by Tom Hogue
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