Network International during the IPO raised 1 billion 100 million pounds


The payment system Network International reported that it performed an initial public offering of its shares on the London Stock Exchange, during which it was able to attract £1 billion 100 million. The company set the value of one share at 435 pence, placing only 200 million shares. The international payment system MasterCard was an anchor investor of the IPO. It additionally acquired 49 million 950 thousand shares of Network International, which according to the results of the IPO was valued at 2 billion 175 million pounds. Since the beginning of 2019, this IPO has become the largest in Europe. Shares of Network International rose 17% on Wednesday during their debut trading. Their cost was 510 pence.

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