SumUp Advisers Said to Guide Away From US as Possible IPO Venue

Firms advising European financial technology company SumUp Payments Ltd. recommended it holds an initial public offering locally instead of in the US, according to people familiar with the matter.

The payments company, known for its point of sale terminal in Europe, recently invited advisers to provide feedback on venues for a potential initial public offering, the people said, asking not to be named as the information is private.