Liberum acts as Co-Lead Manager on the IPO of Network International Holdings plc

Network International is a UAE-based payments processing business operating in the Middle East and Africa. The Group is the only pan-regional provider of digital payment solutions with presence across the entire payments value chain. The Group delivers an integrated omni-channel offering through market leading payment technology.

The fundraise was all secondary sell down by the existing shareholders (Emirates NBD, Warburg Pincus & General Atlantic), each selling pro rata to their respective holdings.

Shares were priced at 435p. The placing attracted strong support from high quality institutional investors and was double-digits over-subscribed-allocations were severely scaled back with over 25% of the book zeroed. On admission, the market capitalisation of the Company was approximately £2.2bn.
This is the largest tech IPO listed on the London Stock Exchange since 2015 and the largest ever Middle East & Africa IPO in London across all sectors.

Liberum acted as Co-Lead Manager on the IPO. The rest of the syndicate comprised of Citi (Sponsor), Morgan Stanley, JP Morgan, Emirates NBD (all Joint Global Coordinators) and Barclays and Goldman Sachs (both Joint Bookrunners). Evercore acted as independent financial adviser to the Company.

Liberum Team

Board
David Parsons

Investment Banking
Richard Crawley, Cameron Duncan, Euan Brown, Ed Phillips

Research
Rahim Karim, Jamie Donald

Sales
Steve Keeling

Sales Trading
Mark O’Hara, Graham Smith, Nina Dixon, Nick Worthington, David Thompson, Daniel Harper

General Counsel
Rebecca Gordon 

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