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(Sharecast News) - Payments firm Ebury is reportedly drawing up plans to revive a 2bn London floatation in the first half of next year.
Accotding to Sky News, Ebury's board and its investment banking advisers have tentatively pencilled in the second quarter of 2026 to resurrect an initial public offering of the business.
Its original plan to go public earlier this year was derailed by the market volatility caused by President US President Trump's global tariffs regime, with the IPO window not being deemed sufficiently open this autumn to render an Ebury flotation viable.
City sources told Sky that the spring of next year was now being discussed between Ebury's board and bankers as a potential launch date.
Ebury, which is backed by Spain's Santander and handles cross-border payments for small businesses, is expected to seek a valuation of around 2bn, with Santander thought to be unlikely to proceed with an IPO if that figure is not attainable.
Banks, including Barclays, Goldman Sachs and Peel Hunt, have been engaged to work on the deal, Sky said.
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