UPDATE 2-UAE's Finablr to list on London Stock Exchange - Reuters:
United Arab Emirates-based payments and foreign exchange company Finablr has confirmed plans to proceed with an initial public offer (IPO) on the London Stock Exchange , a week after the company revealed it was considering a flotation.
Finablr, whose brands include UAE Exchange, Travelex Holdings and Xpress Money, said on Tuesday the final offer price would be determined following a book-building process, with the listing expected in May.
Finablr said it was planning to raise $200 million from the sale of new stock, with some existing shares also being offered for sale. It plans to sell at least 25 percent of its equity.
No comments:
Post a Comment