Market News
LONDON, Nov 6 - Ebury has hired investment bank Perella Weinberg Partners to launch an initial public offering of the business as soon as 2025, the payments company CEO Juan Lobato told Reuters.
Ebury, which is focused on payments, cash management and trade finance for businesses, will report"sharp growth" when presenting its results in the coming weeks, Lobato said. "Perella is working with us to position Ebury for IPO, and mandate does not reflect any sale of shares by existing shareholders," Lobato added.In recent weeks, investors have grown cautious about the payments sector, with stretched valuations coming under pressure from higher interest rates and global funding of fintech deals dropping sharply.
Electronic payments in the European Union grew to 240 trillion euros in 2021 from 184.2 trillion euros in 2017, accelerated by the COVID-19 pandemic, according to data from the European Commission.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lagarde Says ECB Will Get Inflation Down to 2% Target in 2025European Central Bank President Christine Lagarde said that slowing inflation is “certainly our forecast” and that the institution is determined to return prices to its target.
Read more »
Kingsbury, Ryan to lead Canada's women's hockey team through 2025-26Gina Kingsbury has returned to Hockey Canada to oversee the national women's team through the 2026 Olympic Games while also managing Toronto's club in the new Professional Women's Hockey League.
Read more »
Bangladesh bowls first against Sri Lanka at the Cricket World Cup in New DelhiBangladesh won the toss and elected to field against Sri Lanka at the Cricket World Cup on Monday as both teams, out of semifinal consideration, vie for a place at the 2025 Champions Trophy in Pakistan.
Read more »
Wall Street starts Birkenstock with top rating, flags limited upsideBirkenstock made its New York Stock Exchange debut last month at $41, below its initial public offering price. The company priced its IPO at $46 per share, ...
Read more »
Barclays Hires Deutsche Bank Financing Executive in SingaporeBarclays Plc is hiring a financing executive from Deutsche Bank AG’s Asia Pacific investment bank as the British lender seeks to bolster its business in the region.
Read more »