LibertyOne to list on NASDAQ

LibertyOne yesterday announced it is hoping to raise between $A50 million and $70 million from a public offering in the US.

The company is planning to list on NASDAQ, officials said.

The offering with be registered with the US Securities and Exchange Commission and is expected to be completed by end of 1999.

Officials said the funds raised from the US offering will be used for the expansion of LibertyOne's existing and future businesses.

The company is also hoping to raise its international profile and increase global investor interest.

LibertyOne already trades on the Australian Stock Exchange.

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