Deals
African Unicorn Interswitch to Hire JPMorgan for 2019 IPO
- JPMorgan, Citigroup, Standard Bank working on the share sale
- Listing could value Helios’s Interswitch at up to $1.5 billion
This article is for subscribers only.
Interswitch, a Nigeria-based payments firm, has hired advisers to resurrect plans for a stock-market listing in London and Lagos later this year, people familiar with the matter said.
JPMorgan Chase & Co., Citigroup Inc. and Standard Bank Group Ltd. are among the firms working on an initial public offering, which may value the financial technology company at $1.3 billion to $1.5 billion, the people said, asking not to be identified because the deliberations are private.