Finablr gets admitted to trading on London Stock Exchange
Finablr’s entire issued ordinary share capital has today been admitted to trading on the London Stock Exchange’s Main Market for listed securities under the ticker “FIN”.
Finablr PLC has just announced that its entire issued ordinary share capital consisting of 700,000,000 Shares has today been admitted to the Premium Listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s Main Market for listed securities under the ticker “FIN”.
Finablr is a global platform which provides Cross-Border Payments and Consumer Solutions, Consumer Foreign Exchange Solutions and B2B and Payment Technology Solutions to consumers and businesses in the large and growing payments and foreign exchange market. In the year ended December 31, 2018, Finablr processed more than 150 million transactions and the U.S. dollar equivalent of U.S.$114.5 billion in volumes, touching over a billion lives.
As at December 31, 2018, the Group had more than 23 million retail customers and was serving over 1,500 corporate and institutional partners, including banks, financial institutions, supermarkets, foreign exchange specialists, mobile wallet operators and payments and technology companies such as Google India and WeChat Pay.
On April 16, 2019, the company made public its the intention to float. On May 15, 2019, it announced the successful pricing of its initial public offering at 175 pence per share. Based on the Offer Price, Finablr’s market capitalisation will be approximately £1,225 million at the commencement of conditional dealings on the Main Market of the London Stock Exchange.