Banks working on the IPO of Finablr, the financial holding company that owns Travelex, had to reduce the price of the IPO and extended the books to 3pm on Tuesday, in order to price the transaction.
Books were covered on the full deal size just before 2.30pm, London time, on Tuesday, and the stock was admitted to the London Stock Exchange on Wednesday. Barclays
, Goldman Sachs
and JP Morgan
are global co-ordinators and EFG Hermes, Bank of America
and Numis Securities are bookrunners on the IPO