ITALIAN payments firm SIA is moving ahead with preparations for a share listing on the
SIA, which is being advised by Rothschild, has sent out requests for proposals to banks for potential roles in organising the deal and is looking to fill them in the coming weeks, the sources said.
It plans to issue shares worth €1bn (£834m) to €1.5bn in a deal that could value the business at more than €4bn excluding debt, another source said.
SIA's listing comes after European initial public offerings (IPO) dropped to a seven-year low last year.
Yet European stock markets are near record highs boosting investors confidence and offering a window of opportunity for IPO candidates after a flurry of secondary share sales were well received this year.
Reuters
(c) 2020 City A.M., source