SIA Calls in JP Morgan for Possible IPO

SIA Calls in JP Morgan for Possible IPO
09.03.2020 06:14 am

SIA Calls in JP Morgan for Possible IPO

Payments

Italian payments giant SIA has hired JP Morgan as financial advisor for all 'extraordinary transactions' - including a possible IPO.

The firm, which is controlled by state lender CDP Equity, confirmed last month that it was beginning the listing process.

It said then that it could issue ordinary shares on the Mercato Telematico Azionario market by the summer, although a merger with another payments player was not ruled out.

Reporting its 2019 results, SIA says consolidated revenues rose 19.3% to EUR733.2 million, with gross operating margin (Ebitda) up 28.1% to EUR257.9 million.

Related News

Regulation gives boost to card acceptance in Europe

Regulations and ongoing rollouts of contactless terminals at the point of sale are boosting card acceptance networks... Read more »

Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)

Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing... Read more »

PPS Powers koto – The First E-money Account to Provide Credit

PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has today... Read more »

Uber Eats partners with Mastercard to commit an additional 40,000 meals for NHS staff

From today, an additional 40,000 free meals will be available to NHS heroes on Uber Eats.

Together, Uber Eats and Mastercard hope this will help reduce the pressure on... Read more »

MuchBetter and Winwatch launch world’s first analogue watch with “payment glass”

Payments app MuchBetter and Swiss watch smart glass provider, ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel