CAB Payments makes London Stock Exchange debut with £851.4m IPO

£3.35 per ordinary share

Cross-border payments and foreign exchange services provider CAB Payments has listed on the London Stock Exchange today (6 July).

The company went public with a market capitalisation of £851.4m, at £3.35 per ordinary share. The IPO comprises 87,000,000 ordinary shares with an additional 13,000,000 as part of an over-allotment option. If exercised in full, this would bring the final offer size to £335m, representing around 39.3% of the aggregate of the company's ordinary shares at the time of admission to the LSE, CAB said in a regulatory filing. CAB Payments sets sights on £850m London IPO The company started conditional dealings today, with the admission to the premium listing segment of the official list of...