UPDATE 1- #UAE's Finablr considers London float that could raise at least $200 mln - Reuters

UPDATE 1-UAE's Finablr considers London float that could raise at least $200 mln - Reuters:

United Arab Emirates-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt.

Finablr, whose brands include UAE Exchange, Travelex Holdings and Xpress Money, said on Tuesday it could sell a mix of new and existing shares totalling at least 25 percent of its equity, though a final decision had not been made to proceed with the issue.

The plan comes after its rival Network International’s initial public offering (IPO) drew strong demand in a deal that could raise 870 million pounds ($1.1 billion). Network is set to price at 435 pence per share, a term sheet showed on Monday.