UAE's Finablr extends IPO closing by a day to May 14: sources - Reuters:
United Arab Emirates-based payments and foreign exchange company Finablr has extended the closing of books for its initial public offering (IPO) to May 14 due to volatile market conditions, two sources familiar with the deal said on Monday.
The books were supposed to close on Monday for a London public offering, which will now close on Tuesday, they said.
The company, whose brands include UAE Exchange, Travelex Holdings and Xpress Money, has been seeking to raise $200 million from the sale of new stock ahead of a flotation on the London Stock Exchange (LSE).
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