Payments tech agency Nuvei information for U.S. IPO a yr after Toronto itemizing

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Oct 4 (Reuters) – Canada’s funds know-how firm Nuvei Corp (NVEI.TO) on Monday filed for an preliminary public providing within the United States, greater than a yr after its debut on the Toronto Stock Exchange.

The firm is providing a complete of 1.5 million of its subordinate voting shares. Part of these shares will likely be listed on Nasdaq beneath the image “NVEI”, the corporate mentioned.

Proceeds from the sale will likely be used to beef up its funds and pursue different methods for progress.

In addition to funds know-how, Nuvei additionally affords overseas alternate companies, native buying, and threat administration companies in nations together with the United States and Canada.

The firm is backed by Fidelity Management & Research Co and Manulife Investment Management (North America), amongst others, in accordance with information from Refinitiv.

Last yr, Nuvei raised $700 million in its Canadian IPO, in what was then the most important ever know-how firm providing on the Toronto Stock Exchange.

Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets would be the bookrunners for the providing, the corporate mentioned.

Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber