Allen & Overy advises Network International on its initial public offering on the LSE

Network International’s IPO is the UK’s biggest initial public offering by a technology company since Worldpay in 2015, and the largest listing in Europe this year.

Allen & Overy is advising Network International Holdings plc (Network International) on its GBP2.2 billion initial public offering (IPO) and listing on the Premium Segment of the London Stock Exchange (LSE).

The IPO marks yet another example of a Middle East-based company joining the ranks of Premium Listed companies on the LSE.

The Network International group provides a full suite of technology-enabled payment solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services, and a comprehensive ever-evolving range of value-added services.

Network International’s IPO is the UK’s biggest initial public offering by a technology company since Worldpay in 2015 and the largest listing in Europe this year.

Partner and Middle East head of corporate Khalid Garousha and partners James Roe and Sachin Davé in London led the team advising on this deal.  Khalid commented, “This is a landmark transaction for Middle East-based companies looking to undertake international IPOs. Its success underscores not only the strength of Network International’s business and the talent of its management team but also the appetite of regional and international investors to invest in the Middle East’s leading businesses. Allen & Overy is naturally very proud to have advised on this marquee transaction.”