Finablr to proceed with London IPO at reduced price | Financial Times:
Payments group Finablr will proceed with a £306m initial public offering in London, a lower deal size than initially anticipated, after a jolt of market volatility and a grim performance by Uber in its Wall Street debut.
The owner of Travelex and UAE Exchange will float 175m shares at a price of 175p each, below the 210-260p range previously indicated, according to terms seen by the Financial Times.
“This takes into account market conditions and investor feedback,” one banker said.
No comments:
Post a Comment