GIC-Backed Nium Pushes Back IPO Plans to Refocus on Growth

Singapore payments company Nium Pte is pushing back its plans for an initial public offering in the US by more than a year, focusing on shoring up its team and growing revenue.

Nium, now valued at $1.4 billion, will be ready to go public by the end of 2026, co-founder and Chief Executive Officer Prajit Nanu said in an interview. It had previously targeted the second quarter of 2025. Nanu attributed the delay to a long search for a finance chief, saying a new leadership now in place will allow it to focus on IPO preparation.