Legal Business

Worldpay IPO to spark London fintech boom after £2.2bn float

Dealmakers predict end-of-season deal flourish in Q4

London’s goal of becoming a hub for tech companies to list took a further step in October, after payment processing company Worldpay floated on the London Stock Exchange in the largest City listing so far this year.

Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Weil, Gotshal & Manges all scored roles as City-headquartered Worldpay sold 51% of its outstanding shares, raising £2.16bn with Worldpay receiving about £947.8m.