CAB Payments Holdings plc, a provider of business to business (B2B) cross-border payments and FX specialising in emerging markets, was welcomed to the London Stock Exchange today following its successful commencement of conditional dealings on the premium listing segment of the Official list under stock market ticker ‘CABP’.
The Offer price was £3.35 per share, resulting in a market capitalisation of approximately £851.4 million.
CAB Payments is a London-headquartered business transforming the way payments and FX move to and from emerging markets. It connects traditionally hard-to-reach regions to global infrastructure through its network, technology, and expertise, serving a high-quality, diverse client base spanning including institutions, fintechs, central banks, and international aid and development organisations.
Over its long history, CAB Payments has built a deep global payments network, which allows it to send funds quickly, reliably, and inexpensively. It also benefits from having a UK banking license, bringing with it bank-grade compliance, robust risk management, a broad product range, and a recognition as the secure partner of choice for clients across the world.
Bhairav Trivedi, CEO of CAB Payments said:
“Today marks the start of the next exciting chapter in the Company’s history and we are delighted that CAB Payments has begun trading as a public company on the London Stock Exchange. We look forward to pursuing our strategy of delivering long-term sustainable growth and cementing our position as a payments and forex partner of choice for blue-chip customers transacting in emerging markets, ultimately supporting our mission to connect more people in traditionally hard-to-reach regions with global financial infrastructure, enhancing financial inclusion and strengthening local economies”.
J.P. Morgan acted as Sponsor, Barclays and J.P. Morgan as Joint Global Coordinators and Joint Bookrunners alongside Canaccord Genuity / Quest, Liberum, and Peel Hunt as Joint Bookrunners, Peel Hunt / Rex Retail as Intermediaries Offer Coordinator, STJ Advisors as Financial Advisor, Allen & Overy as Company’s counsel, Link Laters as Underwriters Counsel, and FTI Consulting as Financial PR Advisor, with CCGroup PR supporting wider communications and PR efforts.
