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Payments tech firm Nuvei files for US IPO a year after Toronto listing

Canada's payments technology company Nuvei Corp on Monday filed for an initial public offering in the United States, more than a year after its debut on the Toronto Stock Exchange.

The company is offering a total of 1.5 million of its subordinate voting shares. Part of those shares will be listed on Nasdaq under the symbol "NVEI", the company said.

Proceeds from the sale will be used to beef up its finances and pursue other strategies for growth.

In addition to payments technology, Nuvei also offers foreign exchange services, local acquiring, and risk management services in countries including the United States and Canada.

The company is backed by Fidelity Management & Research Co and Manulife Investment Management (North America), among others, according to data from Refinitiv.

Last year, Nuvei raised US$700 million in its Canadian IPO, in what was then the largest ever technology company offering on the Toronto Stock Exchange.

Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets will be the bookrunners for the offering, the company said.

(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)

Source: Reuters


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