Liberum acts as Joint Bookrunner on the IPO of CAB Payments

We are pleased to announce that Liberum acted as Joint Bookrunner on the successful Main Market IPO of CAB Payments Holdings Plc (the “Company”), raising up to £335m along with the syndicate banks. The Company’s shares commenced conditional dealings today

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Headquartered in London, CAB Payments is a market leader in B2B cross-border payments and foreign exchange, specialising in emerging markets, facilitating flows to and from over 150 countries. The Company uses its network, technology and expertise to help governments, institutions and organisations access hard-to-reach markets to move money where it is needed.

The shares were priced at 335p and on commencement of conditional dealings, the Company’s market capitalisation was approximately £851m. The offering attracted strong support from high quality institutional investors and was oversubscribed.

Liberum acted as Joint Bookrunner on the IPO. The syndicate comprised JP Morgan (Sole Sponsor, Joint Global Co-ordinator and Joint Bookrunner) and Barclays (Joint Global Co-ordinator and Joint Bookrunner) and Liberum, Peel Hunt and Canaccord Genuity (Joint Bookrunners). STJ acted as Financial Adviser to the Company.

Liberum Team

Investment Banking – Chris Clarke, Edward Mansfield, Nikhil Varghese, Cara Murphy

Research – Nick Anderson

Sales – Oliver Baxendale, Will Game, Chris Cooper, Guy Froud, Joel Knight, Oliver Houghton, Paras Amlani, Tony Beckett

Legal – Rebecca Gordon

Corporate and Investor Relations – Martin Parker

Settlements – Mark Proctor, Robert Simpson

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