Investcorp plans a London listing of its Moneybookers online payments firm

first_img Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content whatsapp Tags: NULL Investcorp plans a London listing of its Moneybookers online payments firm center_img Investcorp, the Bahrain-based investment bank, is understood to be eyeing a float of Moneybookers, the fast-growing European online payment firm it tried to sell last year.Investcorp has hired Morgan Stanley and Jefferies to help prepare for a stockmarket listing, the people said. Bank of America Merrill Lynch is also likely to have a role, two of the people added.News of the potential flotation emerged as another Internet-focused company, Betfair, opened its books on a planned flotation that would value the online betting exchange at up to £1.5bn.London-based Moneybookers hired JPMorgan to explore a potential sale last year but later shelved the auction.The online payments business said it had been approached by major Internet companies, US payment processors and private equity firms about a potential deal and it could fetch more than €400m (£349.7m).Moneybookers competes with online auctioneer eBay’s Paypal service, and with money transfer companies including Western Union Co for “peer-to-peer” business such as helping expatriates send money home. It also handles payments for gambling websites. Investcorp is thought to be hoping the London listing, of perhaps a third of the company, could place a value of more than €500m (£438m) on the whole company. whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Thursday 7 October 2010 9:46 pmlast_img