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Interswitch Seeks Anchor Investors Ahead of IPO

  • London stock offering could kick off as soon as November
  • Company also weighing a sale, though IPO is preferred option
Updated on

Interswitch, a Nigerian-based payments business, is in talks with potential anchor investors as it ramps up preparations for a potential London initial public offering, people familiar with the matter said.

The company is planning to kick off the share sale as soon as November, the people said, asking not to be identified because the discussions are private. An IPO could value the company at as much as $1.5 billion, Bloomberg News has reported.