LONDON (Reuters) – Network International, the largest payment processing firm across the Middle East and Africa, plans to list on the London Stock Exchange, it said on Thursday.
The Dubai-based company, jointly owned by Dubai bank Emirates NBD and private equity firms Warburg Pincus and General Atlantic, said it would trade on the LSE’s main market and have a free float of at least 25 percent of its issued share capital.
The initial public offering (IPO) would be the first international IPO in London this year. The first domestic listing was that of law firm DWF Group on March 11, raising 75 million pounds ($99.6 million).
Network International’s listing would value the company at about $3 billion, banking sources said, with the company saying it