Tyro Payments Limited (ASX.TYR)

Company Overview

Tyro provides a fresh alternative when it comes to payments and business-only banking.

Tyro is Australia’s largest EFTPOS provider of all ADIs outside the big four and provides tailored EFTPOS, effortless business loans and banking solutions that support over 25,500 Australian businesses. Beyond credit, debit and EFTPOS card acquiring, they also offer Medicare and private health fund claiming and rebating services.

Tyro operated a Private Trading Hub with PrimaryMarkets from 2018 to IPO on the ASX in December 2019.

PrimaryMarkets traded more than A$38M worth of Tyro shares in the 18 months leading up to the IPO.

Price discovery through our Platform saw share price growth from A$0.97 up to when Tyro shares peaked at A$2.20 in September 2019 just prior to the IPO announcement, delivering up to a 275% increase to IPO issue price of A$2.50 (Market Cap A$1.3B).Tyro share price high on the ASX in Q1 2020 was A$4.53, delivering up to a 550% increase to Pre-IPO traders (Market Cap A$2.46B).