Stock Spotlight: Analysts back CAB Payments despite lukewarm share price following IPO

Strong growth prospects

Several analysts have expressed confidence in CAB Payments following the firm's "strong" maiden results, even though its shares have dropped more than 18% since its summer listing in London.

The B2B cross-border payments and foreign exchange services provider was one of the biggest London IPOs of this year, which listed with a valuation of around £851m and raised approximately £335m from investors. Stock Spotlight: Vistry Group strategy pivot builds hope despite property woes At the time, the IPO was welcomed after several grand exits from the London Stock Exchange in favour of New York, including Arm, which closed its first day on the US public market with a valuation of $65bn. But since its LSE debut on 6 July, CAB's shares have not fared well, with the initial excit...