UAE's Finablr IPO priced at 175 pence per share- bookrunner - Reuters:
Finablr’s London market debut had a revised price tag of 175 pence per share, the bookrunner said, giving the United Arab Emirates-based payments and foreign exchange company an implied market value of about 1.23 billion pounds ($1.59 billion).
The full deal size of 192.5 million for the initial public offering (IPO) includes a revised base deal size of 175 million shares and 17.5 million of over-allotment option shares, the bookrunner said on Tuesday.
Finablr has extended the closing of books for its initial public offering to May 14 due to volatile market conditions, two sources familiar with the deal told Reuters on Monday.
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