TransferWise picks banks to spearhead blockbuster float

TransferWise picks banks to spearhead blockbuster float

TransferWise, the British-based payments group, has picked two of Wall Street's biggest players to spearhead a bumper flotation that could be among the most prestigious in a bulging pipeline of London stock market debutants.Sky News has learnt that TransferWise has appointed Goldman Sachs and Morgan Stanley as joint global co-ordinators for its long-awaited initial public offering (IPO).

The listing is expected to take place in London later this year, although details including its timing and venue have yet to be finalised.

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TransferWise is seen as a particularly important company to persuade to float in London



The appointment of the two banks, which was agreed this week, paves the way for one of Europe's most exciting fintech companies to join the public markets.A float will cement TransferWise's status as one of the most valuable tech companies