Network International ‘Europe’s hottest IPO’ soars

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By Sam Kerr
11 Apr 2019

Network International, the Dubai-based payment company, saw an 18.4% pop after completing its £1bn London IPO on Wednesday, cheering investors in what was Europe’s most talked about listing of the year so far.

Morgan StanleyCitiJP Morgan and Emirates NBD were global coordinators, Barclays and Goldman Sachs were bookrunners, and Evercore was the financial adviser.

Network International’s market capitalisation at launch was £2.18bn ($2.8bn) and the deal size was approximately £1bn. The final offer price pinned Network International at roughly 16 times ...

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