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.
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Travelex owner Finablr plans $3bn London float
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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.
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