British business-to-business cross-border payments firm CAB Payments is planning to list on the London Stock Exchange.
Bhairav Trivedi, CEO, CAB Payments, says: “Operating as a publicly traded company will help us to continue to pursue our strategy of delivering long-term sustainable growth all cementing our position as a payments and forex partner of choice for blue-chip customers transacting in emerging markets.”
The offer is expected to comprise a secondary sell-down of existing ordinary shares by Merlin Midco and certain other existing shareholders, and there would be no primary element to the offer.
The news is a boost for the LSE, which has been suffering an IPO drought, with only two listings on the main market in the first quarter.
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- Source: https://www.finextra.com/newsarticle/42449/cab-payments-plans-london-listing?utm_medium=rssfinextra&utm_source=finextrafeed
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