OzForex, the online foreign exchange company backed by Macquarie Group and Carlyle Group, is considering an initial public offering that may raise as much as A$500 million,
Bloomberg reported.
A trade sale is also an option
Bloomberg reported that OzForex has two million monthly website visitors and handled $13 billion of transactions last year, including money transfers and overseas payments.
The company earned a pre-tax profit of $24 million on revenue of $50 million for the 12 months to March 2013.