Santander-backed payments company Ebury is preparing
to re-enter the public markets with a London flotation that could value the
business at £2bn, Sky News reported.
After a previous attempt to go public was blocked by
market instability, advisers now point to the second quarter of 2026 as a
likely window for the initial public offering.
Delayed by Global Market Turbulence
Ebury had originally planned to list earlier this
year, but the IPO was derailed by market volatility triggered by global tariffs
under the Trump administration. Sources in the City said that the autumn market
conditions were not suitable for a successful listing,
prompting the delay.
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The company, which facilitates cross-border payments
for small businesses, is expected to pursue a valuation of around £2bn. Santander
is reportedly unlikely to proceed if the target valuation cannot be met.
Several banks, including Barclays, Goldman Sachs, and
Peel Hunt, have been engaged to advise on the IPO and help manage the potential
listing. Discussions between Ebury’s board and investment bankers suggest that
spring 2026 is now the tentative launch period for the offering.
Expanding Presence in Cross-border Payments
The upcoming IPO would mark a significant step for
Ebury in expanding its presence in the cross-border payments market. Analysts
note that achieving the expected valuation will be critical, as the company
looks to capitalize on improving market conditions after the previous setback.
Related: Ebury Picks Goldman Sachs for £2 Billion IPO in the UK: Report
Before shelving its IPO ambitions, Ebury last year
appointed Goldman Sachs to lead preparations for the planned listing.The IPO was positioned as a key test for London’s
capital markets, which had seen a slowdown in flotations, particularly in the
fintech and payments sector.
Ebury’s board reportedly chose London after
considering alternative venues. The deal is expected to boost the city’s standing as a financial hub.
At the time, sources familiar with the matter said the
IPO was being targeted for the first half of the year, with a potential
valuation of about £2 billion. The effort was later shelved amid worsening
market conditions.
More from Ebury
Santander-backed payments company Ebury is preparing
to re-enter the public markets with a London flotation that could value the
business at £2bn, Sky News reported.
After a previous attempt to go public was blocked by
market instability, advisers now point to the second quarter of 2026 as a
likely window for the initial public offering.
Delayed by Global Market Turbulence
Ebury had originally planned to list earlier this
year, but the IPO was derailed by market volatility triggered by global tariffs
under the Trump administration. Sources in the City said that the autumn market
conditions were not suitable for a successful listing,
prompting the delay.
Join stablecoin builders in London at the fmls25
The company, which facilitates cross-border payments
for small businesses, is expected to pursue a valuation of around £2bn. Santander
is reportedly unlikely to proceed if the target valuation cannot be met.
Several banks, including Barclays, Goldman Sachs, and
Peel Hunt, have been engaged to advise on the IPO and help manage the potential
listing. Discussions between Ebury’s board and investment bankers suggest that
spring 2026 is now the tentative launch period for the offering.
Expanding Presence in Cross-border Payments
The upcoming IPO would mark a significant step for
Ebury in expanding its presence in the cross-border payments market. Analysts
note that achieving the expected valuation will be critical, as the company
looks to capitalize on improving market conditions after the previous setback.
Related: Ebury Picks Goldman Sachs for £2 Billion IPO in the UK: Report
Before shelving its IPO ambitions, Ebury last year
appointed Goldman Sachs to lead preparations for the planned listing.The IPO was positioned as a key test for London’s
capital markets, which had seen a slowdown in flotations, particularly in the
fintech and payments sector.
Ebury’s board reportedly chose London after
considering alternative venues. The deal is expected to boost the city’s standing as a financial hub.
At the time, sources familiar with the matter said the
IPO was being targeted for the first half of the year, with a potential
valuation of about £2 billion. The effort was later shelved amid worsening
market conditions.
More from Ebury