Ebury reportedly appoints Goldman Sachs as it gears up for potential 2025 LSE debut

Ebury Reportedly Plans IPO on the London Stock Exchange

Key Points:

1. IPO Plans:
   • Ebury, a London-based cross-border payments fintech, has reportedly appointed Goldman Sachs to lead its potential initial public offering (IPO) on the London Stock Exchange (LSE).
   • The IPO could take place as early as Q1 2025.
2. Speculation and Confirmation:
   • Speculation about the IPO began in March, with Bloomberg reporting that Ebury was in discussions with several banks.
   • A spokesperson for Ebury confirmed that the company is considering a 2025 IPO but provided no further details.
3. Company Background:
   • Ebury was founded in 2009 and offers international payments, collections, business lending, and FX risk management services.
   • The fintech employs over 1,700 people and has 38 offices in more than 25 countries.
4. Santander’s Involvement:
   • Ebury is part of Santander’s PagoNxt payments platform after Santander acquired a 50.1% majority stake for £350 million in 2019, later increasing its stake to 54%.
5. UK Listing Rule Changes:
   • The UK’s Financial Conduct Authority (FCA) recently overhauled listing rules to make it easier for companies to go public on a UK exchange.
   • Changes include a single category listing, simplified eligibility criteria, and greater flexibility around voting rights. These rules came into effect on July 29, 2024.