Network International lists on London Stock Exchange

Network International, a leading enabler of digital commerce across the Middle East & Africa, has gone public on the London Stock Exchange. The company has raised £1.1 billion ($1.4 billion) on April 19th, valuing the company at £2.2 billion ($2.8 billion) and is the largest MEA IPO listed on any exchange globally since 2014. The listing is also the largest ever technology IPO from a Middle East & Africa based firm globally and the largest technology company to list on London Stock Exchange since 2015.

“I am delighted that Network International will join London Stock Exchange today through a Premium Listing on the Main Market, marking an exciting new stage in our journey, said CEO Simon Haslam. “Over the past few weeks we have seen significant support from the investment community and I would like to take this opportunity to welcome our new shareholders, including Mastercard, onboard. I would also like to thank all our employees, whose hard work and dedication have got us to this point. I am confident that Network International is extremely well positioned for future growth with unique scale in the world’s most underpenetrated payments markets. The Middle East and Africa are at an early stage in the shift from cash to digital payments and our new listing on London Stock Exchange will enable all new shareholders to benefit from this structural growth opportunity.”

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