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Nitro Software Ltd plans Australia IPO to raise about $75 mln

Nov 22 (Reuters) - Adobe Inc rival Nitro Software Ltd said on Friday that it plans to raise A$110.2 million ($74.78 million) through an initial public offering in Australia, braving a tough local market that has seen a number of listings pulled.

San Francisco-based Nitro will price its offering at A$1.72 per share. ($1 = 1.4736 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru; editing by Jonathan Oatis)