Santander-backed Ebury is reportedly reviving its plans for an initial public offering in London, aiming for a valuation of $2 billion.
The firm, which provides cross-border payment services for SMEs, is targeting the second quarter of 2026 to launch the IPO, according to Sky News. Its earlier plans to go public were disrupted by market volatility linked to President Donald Trump’s global tariffs.
In 2019, Santander acquired a 50.1% majority stake in Ebury for £350 million, integrating the company into its PagoNxt payments platform. Sky reports that Santander will not approve the IPO if the company is valued at less than $2 billion.
Banks including Barclays, Goldman Sachs, and Peel Hunt have been engaged to assist with the deal.