PE-backed Nuvei to raise $500m to $600m from IPO: Reuters

Montreal-based payment technology company Nuvei Corp filed for an initial public offering in Canada to raise about US$500 million to US$600 million, Reuters reported

Montreal-based payment technology company Nuvei Corp filed for an initial public offering in Canada to raise about US$500 million to US$600 million, Reuters reported. The business was valued at US$2 billion in December, and the offering is expected to push the valuation to more US$3 billion, the report said. Nuvei, backed by Canadian private equity firm Novacap and Caisse de dépôt et placement du Québec, is planning on listing on the Toronto Stock Exchange under the ticker symbol “NVEI.”

Source: Reuters