16th Sep 2025 12:06
(Alliance News) - Financial technology firm SumUp is mulling an initial public offering in either London or New York, the Financial Times reported on Monday.
The firm, which provides card readers, could be valued between USD10 billion and USD15 billion in a float, the FT said.
One source told the FT that SumUp's founders will remain its largest shareholders. The FT also reported that SumUp is looking to raise funds to buy competitors. Citing a source, the FT reported SumUp believes the payment processing is ready for consolidation.
In a 2022 funding round, SumUp was valued at EUR8 billion, though it had hoped to be worth EUR20 billion.
A float for SumUp would provide a rare boost for the London Stock Exchange, which has struggled to secure high profile listings and seen big names move their primary listings elsewhere.
By Eric Cunha, Alliance News news editor
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