Ebury looks at a £2 billion London listing
Bloomberg reports that Ebury, a corporate banking services supplier to worldwide SMEs sponsored by Banco Santander, is looking into a £2 billion London initial public offering (IPO).
According to Bloomberg, which cites people familiar with the subject, Ebury has been contacting banks in order to get ready for a listing next year. Juan Lobato, a co-founder of the business, stated in November that it was considering an IPO.
Founded in 2009, Ebury offers more than 50,000 clients services such foreign payments, collections, risk management, and finance, with the goal of making international trading easy and accessible for enterprises.
A 50.1% controlling stake in the business was acquired by Santander in 2019 for £350 million; the business has subsequently been integrated into the Spanish bank's PagoNxt payments platform.
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