UAE's Finablr hires banks for IPO, listing in London- sources | ZAWYA MENA Edition:
United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half of 2019 on the London Stock Exchange, three sources told Reuters.
Several London IPOs have been cancelled in recent weeks with issuers blaming market conditions. Others, including Aston Martin and Kazatomprom have traded below their issue price.
The joint book runners for the initial public offering (IPO), will include local and international banks and will be finalised this week, the sources said, declining to be named as the matter is not yet public.
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