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UAE's Finablr considers London IPO this week

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The plan comes after rival firm Network International’s IPO drew strong demand from investors in a potential deal that could value the company at $3 billion.

Tuesday 09, April 2019 BY KUDAKWASHE MUZORIWA

The UAE-based Finablr is set to launch its initial public offering (IPO) in London this week in a deal that could raise about $500 million.

The payments and foreign exchange holding company, with brands such as UAE Exchange, Unimoni as well as Travelex Holdings and Xpress Money, plans to sell between 25 and 30 per cent of its shares, which could raise around $500 million.

Investor meetings will be held in the US and Europe ahead of the IPO, reported, Reuters.

 

TAGS : Finablr, Unimoni, UAE Exchange, Travelex Holdings, Xpress Money

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