Ebury reportedly appoints Goldman Sachs as it gears up for potential 2025 LSE debut
Cross-border payments fintech Ebury has reportedly appointed Goldman Sachs to lead its potential initial public offering (IPO) on the London Stock Exchange (LSE), according to the Financial Times.
Ebury reportedly appoints Goldman Sachs to lead LSE debut
The London-headquartered fintech could list on the exchange as early as Q1 of next year, the report states.
Speculation of the floatation was first set spinning in March, when Bloomberg reported that Ebury was in talks with a number of banks to lead its debut.
A spokesperson from the fintech has reconfirmed with FinTech Futures that Ebury “is considering a 2025 IPO”, but declined to comment further. Goldman Sachs was also approached for comment.
Founded in 2009, Ebury offers products and services for international payments and collections, business lending, and FX risk management, and currently boasts more than 1,700 employees and 38 offices in more than 25 countries.
The fintech currently operates as part of Santander’s PagoNxt payments platform after the group snapped up a 50.1% majority stake in the business for £350 million in 2019. This stake was later increased to 54%.
Following the publication of the company’s most recent full-year results, Juan Lobato, founder and CEO of Ebury, said: “We have big ambitions and are exploring an IPO of the business on the back of our strong financial and commercial performance to maximise Ebury’s potential.”
Earlier this month, the UK’s Financial Conduct Authority (FCA) overhauled the country’s listing rules in an effort to “support a wider range of companies to issue their shares on a UK exchange, increasing opportunities for investors”.
The regulator announced new measures to streamline the listing process, which introduced a single category and simplified eligibility criteria for firms looking to go public in the UK.
The revamp, which came into force on 29 July, also removed the requirement for votes on significant or related party transactions and implemented wider flexibility regarding voting rights.
