(Alliance News) - International payments firm TransferWise is planning an initial public offering in the new year, which is set to confirm its status as one of the most valuable technology companies ever founded in the UK, Sky News reported on Saturday.
The company was valued at USD5 billion in a secondary fund raising five months ago.
Investment banks are being asked to pitch for roles in the IPO, with Goldman Sachs understood to be well-placed to play a leading role, Sky said.
London is the preferred listing destination of TransferWise founders Taavet Hinrikus and Kristo Kaarmann, according to Sky, but use of a special purpose acquisition company rather than an IPO, popular in New York, also is a likely option.
https://news.sky.com/story/transferwise-to-hire-banks-for-blockbuster-float-12167155
By Tom Waite; thomaslwaite@alliancenews.com
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