The successful Nexi IPO concludes another big week for the payments sector which continues to provide a real boost to deal and market activity in 2019.
WithFinablr announcing its intention to IPO in London on Tuesday, the close of the Network International’s LSE offering on Wednesday and Nexi IPO today, the European equity markets have received a timely boost and investor appetite for strong payments businesses seems to remain undimmed.
When coupled with the recent M&A activity, the sector is delivering on its expected promise for 2019. We continue to believe there is more activity to come in the next 12 months. Across the broad payments spectrum, businesses are either reaching critical mass and facing the inevitable pressure to deliver returns for their investors, whilst others are spurred by the need for scale and product and geographic coverage to ensure they emerge as the winners from this intense period of activity.
Italy’s Nexi Raises $2.3 Billion in Europe’s Largest IPO in 2019