UK FinTech TransferWise has chosen two US banks to co-ordinate its initial public offering (IPO).
In Brief:
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Goldman Sachs and Morgan Stanley will be joint global co-ordinators.
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Transferwise is expected to list in London.
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It should float sometime this year, but the timeline has not been confirmed.
What does this mean?
Transferwise’s potential IPO has caused a stir, since the FinTech is already said to be one of the UK’s “most valuable” technology companies. At its last valuation in 2020, it was valued at $5bn.
