Positive Virtus float breathes life into Australian IPO market

By Jane Wardell and Jackie Range SYDNEY (Reuters) – Australia’s Virtus Health Ltd became the first in-vitro fertilization company in the world to list, hitting the boards at a 7 percent premium to its offer price and sparking hope of renewed life in the country’s stalled initial public offering market. The float is the largest on the Australian exchange so far this year and the biggest private equity exit via an IPO since the disastrous $2 billion listing of department store company Myer Holdings Ltd in 2009. …