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Paysafe Group the new unified brand of Optimal Payments and Skrill, has announced that it has applied to enter for a main marketing listing on the London Stock Exchange (LSE).
Paysafe governance had outlined a move to LSE FTSE 250 prior to completing its +€1 billion acquisition of Skrill assets in August.
Its new listing will aim to enhance its investor profile and give the payment provider better liquidity for its stock. The Paysafe brand has outlined aggressive growth following its acquisition of Skrill, which has made the firm the leading provider for the igaming and online betting sectors.
Under new LSE ticker PAYS.L, the company expects to begin trading on London’s main market by 23 December, ending its previous listing on the London AIM.
Paysafe governance stated in its filing to the LSE that this move will not be accompanied by fundraising or new share issuance.
Looking forward to its LSE listing, Paysafe CEO Joel Leonoff stated that it was the necessary move for his firm to undertake in order to compete within the global tech market.
