Finablr marches towards London IPO
Finablr, the payment services fintech company, looks set to move ahead with plans to float on the London Stock Exchange.
The company intends to list on the exchange in May, when it says it will sell 25 per cent of its equity.
Finablr, which also owns Travelex, is looking to raise $200 million from the sale of new and existing shares.
The company’s executive director Binay Shetty said: “We are delighted to be announcing our intention to float Finablr on the London Stock Exchange.
“Over the last four decades we have built global assets firmly rooted across the payments and foreign exchange markets.”
The move comes in the middle of a gradual warming of the IPO landscape.
Listings endured a difficult start to the year, but demand has been boosted thanks in part to greater demand for payment technology firms.