NATIONAL: The Myer retail offer opens to eligible Myer One members today.
The retail offer comes in the wake of "strong demand" for the broker firm offer. Final broker firm bids were received on October 2 and exceeded scaled back allocations.
Myer Chief Executive Bernie Brooks said, "We are delighted with the response from the professional investment community to the broker firm offer.
"There was substantial demand from brokers for the broker firm offer, which had to be heavily scaled back."
The retail offer to eligible members of the Myer One loyalty program is expected to close on October 23.
The final price of Myer shares will be set following the institutional bookbuild to be held October 28 - 29.
Myer said the final price paid by retail investors will be the same price established by the institutional bookbuild and paid by institutional investors.
The Myer float is scheduled for November 2.