Finablr, the UAE based the payments processing group behind the Travelex and Xpress Money brands is set to announce plans for a London flotation tipped to value it at up to $3 billion.
The announcement came after an IPO by Network International, its Dubai-based rival, attracted strong demand at a mooted price of 435p per share, valuing it at almost £2.2 billion before trading in its shares starts today. Payments processing businesses have drawn a strong following among investors as consumers worldwide switch from cash to digital channels.
https://www.thetimes.co.uk/article/travelex-owner-finablr-plans-3bn-london-float-0hgl3d2p3