As digital payments grow during the Covid-19 pandemic, payment companies around the world are planning to launch initial public offerings (IPOs) that could fetch billions of dollars.
Trustly in Sweden
Swedish payments company Trustly is reportedly preparing for a €9bn ($11bn) IPO listing, Reuters reported.
The buyout group Nordic Capital, which owns Trustly, has hired Goldman Sachs, JP Morgan and Carnegie to launch the IPO in April or May 2021.
Nordic Capital is currently in the process of hiring more banks for the listing.
The IPO could value the firm at €6-8bn, the report added citing two people while another person said that the company might reach €7-9bn in valuation.
Founded in 2008, Trustly operates in Sweden, Spain, Malta, Germany and Britain.
Flywire in the US
Flywire is preparing to launch a US IPO later this year, expecting a valuation of $3bn, according to the Reuters report.
The payments firm has hired Goldman Sachs and JPMorgan Chase to advise on the listing.
Founded in 2011, Flywire has offices across the US, Europe and Asia, Reuters said.
The Boston-based company, which employs over 550 people globally, has processed over $16bn in payments.
Paysafe in the US
UK-based integrated payments platform Paysafe Group and a special purpose acquisition company (SPAC) Foley Trasimene inked a definitive agreement to merge, last month.
The merged entity will be called Paysafe, which will be publicly traded on the New York Stock Exchange (NYSE).
TransferWise in the UK
London-based online money transfer service is also planning to go public in Britain, which could value the firm over $5bn, following a 2020 fundraising, a report said.
It has hired Goldman Sachs, Morgan Stanley, and Barclays for launching the IPO.