Linklaters has advised the underwriters on the initial public offering on the premium listing segment of the London Stock Exchange’s main market of CAB Payments Holdings plc, a leading B2B cross-border payments and foreign exchange operator specialising in emerging markets.

The offer price was £3.35 per share, resulting in a market capitalisation of approximately £851.4m and making this the biggest IPO in London so far this year.

The IPO will support CAB Payments in pursuing its strategy of delivering long-term sustainable growth and cementing its position as a payments and forex partner of choice for blue-chip customers transacting in emerging markets, allowing it to connect more people in traditionally hard-to-reach regions with global financial infrastructure, enhancing financial inclusion and strengthening local economies.

Linklaters’ cross-practice team was led by corporate partner Tom Thorne and US capital markets partner Pam Shores, alongside corporate counsel Asad Ahmed.

Linklaters is a world leader in equity capital markets transactions and is ranked in Band 1 of Chambers for Equities in the UK, Europe and globally. For more than two decades, the firm has been at the forefront of advising on many of the world’s largest and most complex equity-linked transactions, including IPOs, private placements, direct listings and secondary and follow-on offerings.