Fintech retains ECM appeal as Network International raises for M&A

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By Sam Kerr
29 Jul 2020

Fintech was one of the hottest sectors in equity capital markets in 2019 and it seems to have lost none on its appeal during the coronavirus pandemic, as two deals on Tuesday demonstrated.

Network International priced a £205m placing to fund an acquisition, while TransferWise, an unlisted money transfer company, confirmed a $319m sale of secondary shares in its stock, which saw its value rise to $5bn.

Network International, the London-listed Abu Dhabi payments company, raised £205m in an overnight share placing ...

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