Ebury Considering IPO in 2025:
- Listing Plans:
- UK-based fintech Ebury is reportedly in talks with several banks about initiating an initial public offering (IPO) on the London Stock Exchange (LSE) in 2025.
- Valuation and Underwriting:
- The potential IPO could value Ebury at up to £2 billion. Talks with banks include discussions about underwriting the stock market flotation, with the terms subject to change.
- Background:
- Ebury operates as part of Santander’s PagoNxt payments platform. Santander initially acquired a 50.1% stake in Ebury in November 2019 for £350 million, later increasing its stake to 54%.
- Services Offered:
- Ebury specializes in facilitating international payments and collections for businesses. It also provides foreign exchange, trade finance, and cash management services.
- Financial Performance:
- In the full-year results posted in November 2023, Ebury reported revenues of £204 million and a transaction volume of £25.5 billion.
- Acquisition Activity:
- Ebury has been active in acquisitions, including acquiring Brazil’s Bexs in May 2022, taking over Trans Skills Investment for payroll processing in the Middle East, and purchasing Prime Financial Markets to enter the African payments market late in 2023.
