Payments firm Ebury to revive £2bn London float next year

Ebury, the payments institution backed by Spanish banking elephantine Santander, is drafting up plans to revive a £2bn London flotation successful the archetypal fractional of adjacent year.

Sky News has learnt that Ebury's committee and its concern banking advisers person tentatively pencilled successful the 2nd 4th of 2026 to resurrect an archetypal nationalist offering of the business.

Its archetypal program to spell nationalist earlier this twelvemonth was derailed by the marketplace volatility caused by President Donald Trump's planetary tariffs regime, with the IPO model not being deemed sufficiently unfastened this autumn to render an Ebury flotation viable.

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City sources said that the outpouring of adjacent twelvemonth was present being discussed betwixt Ebury's committee and bankers arsenic a imaginable motorboat date.

Ebury, which handles cross-border payments for tiny businesses, is expected to question a valuation of astir £2bn, with Santander thought to beryllium improbable to proceed with an IPO if that fig is not attainable.

Banks including Barclays, Goldman Sachs and Peel Hunt person been engaged to enactment connected the deal.

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Bruce Carnegie-Brown, the City grandee who until precocious was president of Lloyd's of London, was appointed past twelvemonth arsenic Ebury's chairman.

The payments steadfast is 1 of a clump of companies whose flotations successful London could spark a broader revival of the City's IPO pipeline aft a protracted fallow period.

Among the different listing candidates are Shawbrook Group, the bank, and New Princes, the canned nutrient manufacturer.

Ebury declined to comment.