UAE's Finablr set to launch London IPO on Tuesday: sources - Reuters:
United Arab Emirates-based payments and foreign exchange company Finablr is set to launch its initial public offering in London on Tuesday in a deal that could raise about $500 million, three sources familiar with the matter said.
The plan comes after its rival firm Network International’s IPO drew strong demand from investors in a potential deal that could value the company at $3 billion.
Finablr, the holding company for businesses including UAE Exchange, Travelex Holdings and Xpress Money, plans to sell between 25 and 30 percent of its shares, which could raise around $500 million, sources said.
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